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Details

ABC Accounting
ABC accounting advantages over traditional
4
Accounting
3rd Grade
12/13/2007

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Cards

Term
    Definition

    Identifies several levels of cost

    rather than the traditional concept that costs are fixed unless they vary specifically at the unit level

    Term
      Definition

      collects costs in cost pools

      based on the underlying nature and extenet of activities

      Term
        Definition

        assigns costs within the multiple cost pools to products or services using multiple drivers

        that best reflect the factor causing the costs to occur

        Term
        Definition

        provides a more realistic picture of actual production cost

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