The Costing Method That First Assigns Costs to Activities and Then

question 10

Multiple Choice

The costing method that first assigns costs to activities and then assigns them to products based on the products' consumption of activities is called:

• A) lean accounting.
• B) responsibility centers.
• C) activity-based costing.
• D) budgeting.

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Definitions:

Feasible

Possible to do easily or conveniently; practicable within the given constraints.

Recycling

The process of converting waste materials into new materials and objects, aiming to reduce resource consumption and environmental impact.

Subsidies

Financial support extended by the government to support economic sectors, making goods and services cheaper for the consumers or producers.