Page 255 - DCOM206_COST_ACCOUNTING_II

Cost Accounting – II

Notes 5. Distinguish between traditional costing system and activity-based costing.
6. What are the benefits of activity-based costing?
7. Enumerate the limitations of activity-based costing.

Answers: Self Assessment

1. Direct 2. Traditional
3. fixed and variable 4. Cost

5. Operational 6. activity-based costing
7. True 8. False
9. False 10. Budget

11. Management 12. value added
13. Performance 14. Driver
15. non-value adding

13.9 Further Readings

Books Bhar. K.B. (2008) Cost Accounting, Methods & Problem, Academic Publishers.
Lal, Jawahar & Srivastava, Seema (2009) Cost Accounting, 4 Edition, Tata McGraw-
th
Hill Education.
Nigam, Lal B.M. & Jain I. C. (2001) Cost Accounting: An Introduction, PHI Learning
Pvt. Ltd.
Thakur. S.K, (2009). Cost Accounting: Theory and Practice, Excel Books.

Online links http://accounting4management.com/activity_based_costing_example.htm

http://hafeezrm.hubpages.com/hub/CASE-STUDY-ACTIVITY-BASED-
COSTING
http://www.cimaglobal.com/Documents/Thought_leadership_docs/6Activity-
based-costing-China.pdf
http://www.accountingcoach.com/online-accounting-course/35Xpg01.html

250 LOVELY PROFESSIONAL UNIVERSITY