According to the article, M.D. Anderson Cancer Center has implemented a costing system called, a time-driven activity-based costing (TDABC) system.

Please answer the following questions after reading this article: Time-Driven Activity-Based Costing.

1. What is TDABC? Can you briefly explain the system compared to the traditional ABC system we've learned from the textbook?

2. What do you think is the biggest difficulty companies may feel when they try to adopt the traditional ABC system? How TDABC mitigates the problem?

Answer rating: 100% (QA)

1Timedriven ABC enables the reporting of the expenses that a business incurs in its operations conti... View the full answer