Service organizations are often ideally suited for activity-based costing. In no less than 200 words, explain why the previous statement is true and discuss what some of the special considerations are in the design of cost accounting systems for service organizations

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savananh2070 savananh2070

21-07-2022
Mathematics

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Service organizations are often ideally suited for activity-based costing. In no less than 200 words, explain why the previous statement is true and discuss what some of the special considerations are in the design of cost accounting systems for service organizations

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topeadeniran2 topeadeniran2 · Answer 1 · 2022-07-25T23:15:28+02:00

Service organizations are ideally suited for activity-based costing because virtually all of the costs for a service company are indirect and appear to be fixed.

What is activity-based costing?

Activity-based costing is a method of assigning overhead and indirect costs such as salaries and utilities to products and services.

The ABC system of cost accounting is based on activities that are considered any event, unit of work, or task with a specific goal.

Here, activity-based costing has been used in manufacturing products but can also be applied to service industries, or businesses that provide a service instead of a product.

Learn more about activity based costing on:

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