Considered to be the founders of activity based costing

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1. What year was Activity Based Costing first introduced? What was the occasion? Kaplan and Bruns are considered to be the "founders" of Activity Based Costing. Briefly explain the background of each founder.

2. Using your own words, briefly discuss the main advantages of ABC. (Why is it considered to be superior to the plantwide rate method?)

3. Again, using your own words, discuss the main disadvantages of ABC.

Reference no: EM132303952

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Considered to be the founders of activity based costing : What year was Activity Based Costing first introduced? What was the occasion? Kaplan and Bruns are considered to be the "founders" of Activity Based Costing.

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