What's it: Activity-based costing (ABC) is a costing approach in which the company will first identify the activities it undertakes and then determine the resources consumed by each activity. Under this method, the product's cost is based on the
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What's it: Activity-based costing (ABC) is a costing approach in which the company will first identify the activities it undertakes and then determine the resources consumed by each activity. Under this method, the product's cost is based on the