Hi there!
I recently studied for chapter budgeting and I find it confusing to differentiate ABC with ABB. Could you elaborate further please?
Budgeting system
1d ago#1ABC, Activity Based Costing, estimates the costs caused by each activity and usually then charges those costs to units produced.
ABB, Activity Based Budgeting, uses the ABC information about cost behaviour to produce, what are hoped are. more accurate budgets.