All evidence-based statements are supported with proper reference to Section, Circular No., Notification No.Every content published by Taxmann is complete, accurate and lucid.Prepare the analytical write-ups on current, controversial, and important issues to help the readers to understand the concept and its implications.All the latest developments in the judicial and legislative fields are covered.The statutory material is obtained only from the authorized and reliable sources.The team ensures that the following publication guidelines are thoroughly followed while developing the content: The team follows the six-sigma approach to achieve the benchmark of zero error in its publications and research platforms. The Research and Editorial Team is responsible for developing reliable and accurate content for the readers. This team works under the guidance and supervision of editor-in-chief Mr Rakesh Bhargava. This team consists of a team of Chartered Accountants, Company Secretaries, and Lawyers. Taxmann Publications has a dedicated in-house Research & Editorial Team. Hence ABC aids cost control.Ĭost Centers/departments cannot be eliminated. Thus, corresponding costs are also reduced/ minimized. to products, or jobs or hours.Įssential activities can be simplified and unnecessary activities can be eliminated. customers, services, distribution channels, products, departments, etc.Ĭosts are assigned to Cost Units, i.e. There is no concept of single overhead recovery rate.Įither multiple overhead recovery rates (for each department) or single overhead recovery rate may be used.Ĭosts are assigned to Cost Objects, e.g. Specific activity-wise recovery rates are used.
Time (Hours) is assumed to be the only cost driver governing cost in all departments.
OH are related to cost centers/departments.Ĭosts are related to activities and hence are more realistic.Ĭosts are related to cost centers and hence not realistic of cost behaviour.Īctivity-wise Cost Drivers are determined. OH are related to activities grouped into cost pools.