Costing Accuracy vs. the Cost of Costing

[fahmidaemran]

Costing Accuracy vs. the Cost of Costing
For the profitability figures appearing in Table 7 above, the activity-based costing results may be taken as the more accurate results—more closely reflecting the "true" production costs of products A and B—than the profitability figures from the traditional costing approach. Whether or not the improved accuracy justifies the higher expense of applying this costing method, however, is something management will have to investigate and answer before committing to a comprehensive new approach to cost accounting.

Source: https://www.business-case-analysis.com/activity-based-costing.html

[rayhanul.bba]

It can be a research topic dear madam