THIS QUESTION HAS TWO PARTS

Part I

How can activity based management and activity based costing (ABC) benefit an organization? Specifically, address the following points.

• How does ABC differ from other allocation methods?
• Describe the main characteristics of ABC.
• What type of companies tends to benefit from ABC?
• Comment on a company (research Internet) that has implemented ABC.
  • What type of company is it?
  • Was it successful?

Part II

The below concepts are all applied by many business in an attempt to be more efficient and reduce costs. Create a table describing at least three of the concepts below and how implementation may benefit an organization.

• Lean manufacturing
• Just-in-time
• Theory of constraints
• Total quality control
• Value chain

I WILL RATE THE ANSWER THAT BEST ANSWERS THE QUESTION