The Last Step in Activity-Based Costing (ABC)is to

question 105

Multiple Choice

The last step in activity-based costing (ABC) is to

• A)identify the activities that consume resources,and assign costs to those activities.
• B)identify the cost driver(s)associated with each activity.
• C)compute a cost rate per cost driver unit.
• D)assign costs to products by multiplying the cost driver rate by the volume of cost drivers consumed by the product.

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Definitions:

International Sales

International sales involve the selling of goods and services across national borders, requiring knowledge of various markets, cultures, and regulations.

Cold Canvassing

A sales technique where individuals or businesses are approached without prior contact or relationship, often used to solicit new customers or gather information.

Personal Selling Process

describes the sequence of steps salespeople follow to persuade potential customers to purchase a product or service.

Cultural Setting

The environment and context influenced by societal norms, values, practices, and beliefs in which individuals or groups operate.