Activity Based Costing
Cost Analysis
Cost Analysis
Resource Allocation
Resource Allocation
Cost Reduction
Cost Analysis
Resource Allocation
Cost Analysis 
methodologies include: Methodology Description
Activity-
Based Costing (ABC) A method that assigns costs to products based on the activities required to produce them
...
Cost Analysis Interpret Results: Draw conclusions
based on the analysis and make recommendations
...Activity-Based
Costing Allocates overhead costs based on the activities that drive costs
...
Resource Allocation Top-Down Allocation In this method, senior management decides how to allocate resources
based on strategic priorities
...Activity-Based
Costing Activity-based costing allocates resources based on the actual consumption of resources by different activities
...
Resource Allocation It is a fundamental component of prescriptive analytics, which provides recommendations for actions
based on predictive modeling and optimization techniques
...Activity-Based
Costing: Allocating resources based on the activities that drive costs, ensuring alignment with strategic goals
...
Cost Reduction Activity-
Based Costing (ABC) A costing method that identifies activities in an organization and assigns the cost of each activity to all products and services according to the actual consumption
...
Cost Analysis Activity-
Based Costing Allocates overhead costs based on activities that drive costs, providing a more accurate cost per product or service
...
Resource Allocation This process helps organizations prioritize projects and initiatives
based on their potential return on investment (ROI) and alignment with the company's goals
...Activity-Based
Costing Resources are allocated based on the costs of activities required to produce goods or services
...
Drive Financial Performance Techniques include: Zero-
Based Budgeting: Every expense must be justified for each new period
...Techniques include:
Activity-Based
Costing (ABC): Allocating overhead costs based on actual activities
...
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