Unlock the True Cost of Your Operations with Activity-Based Costing

Activity-based costing (ABC) is a methodology for more accurately allocating overhead costs and can be applied to both product and service companies. This video will show you how ABC can be used to improve profitability, reduce product and service costs, increase revenues, and make better decisions.

00:00 Introduction
01:48 Principles and Uses of ABC
02:52 Understanding Costs
04:03 Activity Drivers
04:46 Activities, Products, and Customers
06:02 Calculating the Cost of a Product or Service
07:40 Conclusion

ABC on Wikipedia: https://en.wikipedia.org/wiki/Activity-based_costing