Time-driven ABC is considered to be more accurate and less costly than ABC.

Name: Time-driven ABC is considered to be more accurate and less costly than ABC.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Time-driven Activity-Based Costing (TDABC) simplifies the costing process by using the capacity cost rate of resources and the time it takes to perform activities, making it more accurate and less costly to implement compared to traditional ABC.

Time-Driven ABC Is Considered to Be More Accurate and Less