merchandisers and manufacturers differ because of the types of goods they sell. VII. Understand the main differences between traditional and activity-based costing (ABC) systems and why ABC systems provide value to managers. VIII. Use activity-based mamagement (ABM) to make strategic and operational control decisions. IX. Describe the steps in designing an activity-based costing system (Appendix 4). Copyright ©2011 Pearson Education, Inc., Publishing as Prentice Hall. 49 REVIEW OF KEY CONCEPTS…
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