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AC105: Final Paper Activity Based Costing (ABC) Activity Based Costing is an Accounting concept that has become more popular in recent years. Today, Managers are frequently choosing to use the ABC method, among others, in order to ensure an efficient allocation of resources. Activity Based Costing can be described as "a costing system that identifies the various activities performed in a firm and uses multiple cost drivers (non-volume, as well as the volume-based drivers) to assign overhead costs (or indirect costs) to products. ABC recognizes the causal relationship of cost drivers with activities." When predicting future costs, a major factor to consider is past cost behavior. Using Activity Based Costing to determine the cost of servicing customers is a process that includes a number of steps. These steps include: analyzing the data, determining the data, and using the data to make responsible managerial decisions. Although the ABC concept has been accepted...

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