What is time-driven activity based management (TDABC)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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What is time-driven activity based management (TDABC)? How is it different from activity based costing (ABC) & why would TDABC be used instead of ABC?
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TDABC stands for time-driven activity-based costing. It is a costing method based on activity and driven by time. It is the most effective way of cost. TDABC requires less amount of data, it only requires two things:
- The capacity and cost of resources
- Unit times for performing transactional activities.
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