Abstract
This analysis presents a review of time-based costing methodologies: Time-Driven Activity-Based Costing (TDABC), Duration-Based Costing (DBC) and Program Accounting Costing (PAC). Cost accounting systems are crucial for businesses to allocate costs to make informed business decisions. TDABC, DBC and PAC are approaches in this domain, offering unique advantages and applications. The concepts, methodologies, advantages, and limitations of each approach are explored to provide insights into their suitability for different industries and organizational contexts. The analysis finds comparing Time-Driven Activity-Based Costing, Duration Based Costing and Program Accounting Costing are analogous methodologies with different applications relating to timing cost recognition and are like comparing triples wearing the same but different colored outfits.
Published Version
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