In Using an ABC System, All of the Following Steps

question 120

Multiple Choice

In using an ABC system, all of the following steps are performed before the company's year begins except

• A)identify the primary activities and estimate a total cost pool for each.
• B)select an allocation base for each activity.
• C)allocate the costs to the cost object using the activity cost allocation rates.
• D)calculate an activity cost allocation rate for each activity.

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Definitions:

Many Gods

A belief system known as polytheism, characterized by the worship of multiple deities or gods.

Reincarnation

The religious or philosophical belief that the soul or spirit begins a new life in a different physical body or form after biological death.

Hinduism

One of the world's oldest religions, characterized by a rich diversity of beliefs, practices, and rituals, and centered on concepts such as dharma, karma, and moksha.

Central Function

The primary role or purpose that an entity or activity serves within a system or organization.