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Question 1 7 Which of the following is a key characteristic of activity - based costing ( ABC ) ? It focuses solely on variable
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Which of the following is a key characteristic of activitybased costing ABC
It focuses solely on variable costs.
It utilizes a single predetermined overhead rate.
It allocates overhead costs based on various cost drivers and activities.
It only considers direct labor costs.
It allocates overhead costs based on direct labor hours.
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