ACC 349 Week 3 Individual Assignment Article Analysis Summary

May 8th, 2015
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ACC 349 Week 3 Individual Assignment Article Analysis Summary

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The ABCs of Activities Based CostingACC 349This article explains how a company called Starn Tool & Manufacturing describes its owners experiences with activity based costing versus their old method of flat-shop rate job costing and quoting. Their method led to many variances in the past that were hurting the profit margin by seriously underrating the costs of some of their jobs which ended up costing a lot more than they were accounting for because of the higher overhead. They were able to zero in on actual costs of all their jobs and correlate costs to specific jobs more accurately than just averaging out costs of all their various jobs when giving a quote or estimate just by implementing ABC. By successfully implementing and switching to ABC, the company was able to double its profit margins that it was experie

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