As the representative of the local accounting club, you have been asked by the dean to help

Question:

As the representative of the local accounting club, you have been asked by the dean to help her understand the costs of the different degrees offered at the school. You decide to use an activity-based cost system. Write a report outlining the first two steps of developing an ABC system for this purpose: (1) Identify the activities, and (2) identify the activities associated with each activity.