Topic 6: Cost behavior, estimation, cost allocation, control and activity-based costing Name Course Instructor Date Introduction Understanding cost behavior, allocation and costs is necessary for planning, control and decision-making including making predictions, whereby the Activity-Based Costing has been preferred compared to the traditional costing methods. The case for cost control is that it allows management accountants to compare the actual costs with the budgeted costs, which are predicted depending on the cost behavior (Maher, Stickney, & Weil, 2011). In allocating the costs, there is a need to understand cost behavior where costs are identified and aggregated to cost objects. In any case, to justify the costs, the performance is evaluated using the budgets with the fixed and variable costs having been identified and placed in different pools. This is a review on cost behavior and estimation, cost allocation, control and Activity-based costing. Cost behavior and estimation Cost and management accounting focus on cost behavior to inform