Activity-based costing and product costing: lecture note

Activity-based costing and product costing: lecture note:

I. Product costing based on marginal costing
Direct materials, direct labour + variable manufacturing overhead

II. Product costing based on absorption costing
Direct materials, direc labour + manufacturing overhead (variable and fixed)

III. Product costing based on full product costing with ABC
Direct costs (manufacturing and non-manufacturing)
ABC costing (manufacturing and non-manufacturing