Purchase Solution

ABS vs ABM activity-based costing (ABC) with activity-based

Not what you're looking for?

Ask Custom Question

Contrast activity-based costing (ABC) with activity-based management (ABM).

Purchase this Solution
Solution Summary

ABS vs ABM is discussed in great detail in this solution.

Solution Preview

Contrast ABS vs ABM

Contrast activity-based costing (ABC) with activity-based management (ABM).
Activity based costing shows how to understand costs and limit them to products and customers. On the other hand activity-based management is the application of the insights gained during Activity based costing and apply these to improving its decision making. The activity-based management is the application ...

Purchase this Solution
Free BrainMass Quizzes
Lean your Process

This quiz will help you understand the basic concepts of Lean.

Motivation

This tests some key elements of major motivation theories.

Income Streams

In our ever changing world, developing secondary income streams is becoming more important. This quiz provides a brief overview of income sources.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

View More Free Quizzes
Related BrainMass Solutions

  • Activity Based Costing Allocation Rates

    134705 Activity Based Costing Allocation Rates 6- ABC (activity-based costing) uses activity allocation rates in product costing. How are activity cost drivers used in ABM (activity-based management)?

  • Activity-Based Costing and Activity Based Management

    306396 Activity-Based Costing and Activity Based Management What is the purpose of activity-based costing (ABC)? What companies would benefit from an ABC? How does ABC interact with activity based management (ABM)?

  • Activity Based Costing

    425614 Activity Based Costing (ABC), Activity Based Management (ABM): supply chain management How, in principle, do Activity Based Costing (ABC) and Activity Based Management (ABM) relate to supply chain management?

  • Accounting for Management

    Activity-based costing (ABC) is a more accurate method of allocating indirect costs to specific products. The benefits of ABC are: ABC does allocation on the basis of cost driver rather than volume basis. Cost driver gives more accurate results.

  • Activity Based Management for Dell

    How will ABM impact that? We can get current department cost allocations at Dell using Activity Based Costing (ABC).

  • Accounting and ABM: How does ABM helps uncover what causes cost.

    Activity- based management can be used to identify discrete activities as well as identifying the primary output measure for each activity. With using activity-based costing there are value added-activities and non- value added-activities.

  • Activity Based Costing Assistance

    321651 Activity Based Costing Assistance Assistance is needed with some articles which "discusses the good and the bad of ABC, and tries to come to an overall conclusion" based on good decision making. ABC = Activity Based Costing.

  • JIT and Backflush Costing or ABM and ABC

    Should Hwang use JIT and backflush costing or ABM and ABC to account for product costs? Defend you choice of activity-based system. ANSWERS I would use JIT and backflush costing to account for the product costs.

  • Activity Based Costing can Benefit Companies

    Basis of Activity based management (ABM) Activity Based Management is using an activity-based costing system to improve the operations of an organization.

View More Related Solutions