ACTIVITY BASED COSTING

Activity Based Costing -- Developed in the late 1980's by Robert Kaplan and Robin Cooper of Harvard Business School. It is primarily concerned with the cost of indirect activities within a company and their relationships to the manufacture of specific products. The basic technique of activity based costing is to analyze the indirect costs within an organization and to discover the activities that cause those costs.

To learn more about Work Measurement and Skill and Performance-Based Pay Systems