Which Costing System First Assigns Costs to Activities and Then

question 62

Multiple Choice

Which costing system first assigns costs to activities and then to products?

• A)activity-based costing
• B)production costing
• C)volume-based costing
• D)unit-level costing

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Definitions:

Distributions

The payment of dividends or other assets to a company's shareholders as determined by the board of directors.

Management Rights

The rights retained by employers, allowing them to operate and manage their business without interference from the workforce.

Co-ownership

The state or condition where two or more parties hold property jointly, sharing rights and responsibilities.

Instrumentality

A term referring to a means or agency through which a function of another entity is accomplished.