Question
Which of the following statements correctly describes activity-based costing (ABC)? Select two. a. Assigns costs to final cost objects based on cost drivers. b. Uses
Which of the following statements correctly describes activity-based costing (ABC)?
Select two.
a.Assigns costs to final cost objects based on cost drivers.
b.Uses responsibility centers as a key cost object.
c.Assigns predetermined overhead costs to products produced or services provided.
d.Includes the cost of all traceable activities.
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Government and Not for Profit Accounting Concepts and Practices
Authors: Michael H. Granof, Saleha B. Khumawala
6th edition
978-1-119-4958, 9781118473047, 1118155971, 1118473043, 978-1118155974
