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Which of the following statement regarding the activity-based costing (ABC) system is correct? Multiple Choice a. Activity-based costing (ABC) system assigns all manufacturing and non-manufacturing

Which of the following statement regarding the activity-based costing (ABC) system is correct?

Multiple Choice

a. Activity-based costing (ABC) system assigns all manufacturing and non-manufacturing overhead to product cost.

b.Activity-based costing (ABC) system is the same as the traditional costing system.

c.Activity-based costing (ABC) system is primarily used for external reporting purposes.

d.Activity-based costing (ABC) system assigns direct non-manufacturing cost to product cost.

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