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is volume costing system the same as traditional costing system?

is volume costing system the same as traditional costing system?

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Traditional product costing system is also termed to be the volume-based costing system or functional-based cost accounting system. The system determines allocation cost of a product with an allocation of the direct costs to the products and afterwards subsequently adding an overheads proportion deemed to be related on the number of units produced. In traditional costing system, overheads would be charged to products on the volume of a production on a basis such as direct labour cost, machine hours, and direct labour hours. It is based on the assumption that all overheads are basically related to the volume of production i.e. volume-based allocation

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