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Introduction to the Activity-based costing:
The term Activity-based costing or simply ABC is a kind of costing system which identifies the actions in the organization and allocated the cost of each and every action all along with assets in all the respective items. The ABC model allots a number of indirect costs to the direct costs as compared with the standard costing. This is basically a policy or tactic to assign costs to the ventures, materials, managements, acquisitions, and many more.
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