Which of the Following Is the Last Step in Developing

question 193

Multiple Choice

Which of the following is the last step in developing an activity-based costing system?

• A) estimating the total quantity of the cost driver
• B) estimating the total indirect costs of each activity
• C) identifying the activities
• D) allocating indirect costs to the cost object

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Definitions:

Exclusive Right

A privilege given to an individual or entity to be the sole provider or beneficiary of a certain service, product, or right, often for a specific period.

State And Local

Pertains to governance, laws, and administrative matters that are specific to individual states or localities within a country.

Implied Warranty

A legal term for the assurance that a product is fit for its intended purpose, even if not explicitly stated at the time of sale.

Commercial Purposes

Activities or transactions conducted with the goal of generating profit or involving the buying and selling of goods and services.