ABIBLO FINANCE - ABC METHOD

Abiblo Finance - ABC Method
Also known as Activity Based Costing. This method which was introduced by Professor Kala and Johnson recognized that cost will be incurred by activities which taken place within an institution and the customers / products should bear the costs based on activities that they used. The supporters / followers of this method consider that it is far better than the traditional method such as absorption costing due to its accurate causes and effect allocation of cost.