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Definition of Driver
A factor that has a direct impact on the incurring of a cost. For example, adding
a measure of the demands on activities and,
The most significant cause of the cost of an activity, a measure of the demand for an activity
a factor that has a direct cause-effect relationship
A factor that directly impacts the incidence of a cost, and which is generally
the process of investigating, quantifying,
A method of budgeting that develops budgets based on expected activities and cost drivers – see also activity-based costing.
planning approach applying activity drivers to estimate the levels and costs of activities necessary to provide the budgeted quantity and
A method of costing that uses cost pools to accumulate the cost of significant business activities and then assigns the costs from the cost pools to products or services based on cost drivers.
A relatively new method advocated for the
a process using multiple cost drivers to predict and allocate costs to products and services;
A cost allocation system that compiles costs and assigns
assign based on the use of a cost driver, a cost predictor,
a collection of monetary amounts incurred either
A cost that does not vary in the short run, irrespective of changes in any
the quantity of input (in hours or some other cost driver measurement) required at standard for the output actually achieved for the period
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