Experience of activity based cost management (ABCM) projects
has shown that this approach to costing and profitability
analysis attracts a wide spectrum of opinion. This ranges
from whole-hearted support for something that will add value
to the decision-making process, to dismissal of ABCM as a
costly, time-consuming and unnecessary additional expense.
The ABCM approach consists of identifying the cause-andeffect
relationships between an organisation’s cost base (resources),
the procedures performed by staff and/or machinery (activities),
and the products or services sold to customers (cost objects).
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