This paper presents a survey on advances of ABC based method. The study has discussed the advantages and disadvantages of the implementation of ABC based method in different industries. The survey also discusses recent advances on time driven ABC method in health care industries. | A state-of-art review on activity-based costing Accounting 1 2015 89 94 Contents lists available at GrowingScience Accounting homepage ac A state-of-art review on activity-based costing Tahereh Khodadadzadeh Department of Industrial Engineering Digital Unit Iran University of Science amp Technology Tehran Iran CHRONICLE ABSTRACT Article history Activity-based costing ABC is a method which identifies activities in a firm and assigns the Received June 5 2015 expenses of each activity with resources to all products and services based on the real Received in revised format consumption by each. This method allocates more overhead costs into direct expenses August 16 2015 compared with conventional method. ABC method is normally used for costing as well as Accepted December 3 2015 Available online monitoring different activities which involves tracing resource consumption. This paper December 3 2015 presents a survey on advances of ABC based method. The study has discussed the advantages Keywords and disadvantages of the implementation of ABC based method in different industries. The Activity-based costing survey also discusses recent advances on time driven ABC method in health care industries. Performance measurement Time driven activity-based costing 2015 Growing Science Ltd. All rights reserved. 1. Introduction Activity-based costing ABC is a method which identifies activities in a firm and assigns the expenses of each activity with resources to all products and services based on the real consumption by each Drury 1992 Cokins 1996 2002 Cohen 2000 . This method allocates more overhead costs into direct expenses compared with conventional method. ABC method is normally used for costing as well as monitoring different activities which involves tracing resource consumption Cooper 1990 1992 . Resources in this method are categorized into different activities and activities are divided into various cost objects according to consumption .
