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When Switching from a Traditional Costing System to an Activity-Based

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When switching from a traditional costing system to an activity-based costing system that contains some batch-level costs:


Definitions:

Inheritance

A feature of object-oriented programming where a new class is created from an existing class, inheriting fields and methods of the existing class while allowing new elements to be added or existing ones to be modified.

Derived Class

A class in object-oriented programming that inherits attributes and behaviors from another class known as the base class.

Inheritance

A feature of object-oriented programming that allows a new class to extend an existing class, inheriting its attributes and behaviors.

Polymorphism

A concept in object-oriented programming that allows methods to do different things based on the object it is acting upon.

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