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1.Activity-based costing methods use four steps in computing a product's cost. What are these steps? 2.What is the difference between activity-based costing and activity-based

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1.Activity-based costing methods use four steps in computing a product's cost. What are these steps? 2.What is the difference between activity-based costing and activity-based management? 3..Think about a time you went to a bank. What activities were being performed? Give examples of some cost drivers that cause the cost of those activities. (For example, opening checking accounts is an activity; the number of accounts opened could be a cost driver for the opening accounts activity.)

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