Activity Based Management (ABM): Activity-based costing is a technique used to apportion the production overheads in a company to its respective products manufactured. It is a process to identify the cost driver activity for such overheads and then apportion the overheads based on such cost driver activity for each product. The cost driver activity is that activity which is directly related to such overhead incurred. Total Quality Management (TQM): TQM is a management process to benchmark all the production processes for improving quality and reduce costs periodically. To discuss: The successful implementation of ABM and TQM within such manufacturing organizations.

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Chapter 4, Problem 4.1GAP

To determine

Activity Based Management (ABM):

Activity-based costing is a technique used to apportion the production overheads in a company to its respective products manufactured. It is a process to identify the cost driver activity for such overheads and then apportion the overheads based on such cost driver activity for each product. The cost driver activity is that activity which is directly related to such overhead incurred.

Total Quality Management (TQM):

TQM is a management process to benchmark all the production processes for improving quality and reduce costs periodically.

To discuss:

The successful implementation of ABM and TQM within such manufacturing organizations.

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