Homework Answers
It is true that ABC can provide a more accurate evaluation of management performance than the traditional conventional costing method.
Reason being, in the traditional system, only one cost driver is used to allocate overhead costs, generally labour hours. Where as in ABC system, overhead costs are allocated according to different cost drivers, which more accurately matches the particular overhead cost.
Every cost driver belongs to different departments or units. Through ABC system, performance of each department or unit is ascertained or evaluated separately. Like which department has more wastage, or which department has incurred more costs. This information is then used to make analysis and decisions and performance evaluation of management.
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