Activity-based budgeting

From CNM Wiki
Revision as of 18:13, 9 July 2020 by QiratH (talk | contribs) (Created page with "Activity-based budgeting (ABB) is budgeting approach that focuses on the budgeted cost of the activities necessary to produce and sell products and services. ==Defini...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

Activity-based budgeting (ABB) is budgeting approach that focuses on the budgeted cost of the activities necessary to produce and sell products and services.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Activity-based budgeting (ABB). Budgeting approach that focuses on the budgeted cost of the activities necessary to produce and sell products and services.