What is activity-based costing (ABC)? - Practice (English) | ObjectiveMcq

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What is activity-based costing (ABC)? - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementManagement AccountingWhat is activity-based costing (ABC...

Management Accounting Business ManagementEasy

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What is activity-based costing (ABC)?

Correct Answer:

(A) A costing system that assigns costs to activities and then to products based on their consumption of those activities

Explanation:

A costing system that assigns costs to activities and then to products based on their consumption of those activities

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