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Explain How Activity Based Costing Would Be Implemented Using an ERP

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Essay

Explain how activity based costing would be implemented using an ERP system.In doing that,explain the advantage of using ERP with activity based costing.


Definitions:

Stickiness

The attribute of a website or application that encourages visitors or users to stay longer and engage more deeply with the content.

Repeat Visits

The action of users or customers returning to a website, store, or place more than once, indicative of interest, loyalty, or satisfaction.

Return on Investment

A measure of the profitability of an investment, calculated as net profit divided by the cost of the investment.

Gross Revenue

The total amount of income generated by a business from its activities before any expenses are subtracted.

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