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what are the differences between Activity-based budgeting (ABB) and Activity-based management(ABM)? give an example of them.

what are the differences between Activity-based budgeting (ABB) and Activity-based management(ABM)? give an example of them.

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Answer #1

Activity Based Management (ABM) and Activity Based Costing(ABC) are between related procedures. ABC gives the vital data you have to settle on educated management choices. ABM is the ongoing checking of the strategic exercises you attempt to convey those key choices.

This is the reason ABM is shown as an augmentation of the ABC display in the chart underneath. The level hub of the Turney Cross# speaks to the business procedure see. The vertical measurement (Resources, Activities and Cost Objects) speaks to Activity Based Costing (ABC). At the point when the second measurement is included (comprised of Cost Drivers and Performance Measurement), the outcome is Activity Based Management.

Example : Idetification of activity like machine setup is ABM and integration of this activity with overhead cost is ABC.

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