the following design steps are included in the implementation of an ABC system

develop activity dictionary and list users of activites

allocate cost of secondary activites to primary activites

select resource drivers and unbundle general ledger accounts

select activity cost drivers and allocate cost of activites to rpoducts and customers

in what order should these steps be completed?

1234

4312

2314

1324

which of the following is false?

abc is most useful in the situation where products make diverse demands on resource because of differnce in volume process steps or complexity

under the the traditional accounting system high volume products are likely to be undercost and low volume products are likely to be over costed

abc differs from traditional costing system in that producst under abc are less likely to cross subsidize

under normal costing direct cost are traced using an actual rate and indirect cost allocated using a budgeted rate