The Final Step of Activity-Based Costing Assigns Overhead Costs to Pools

question 17

True/False

The final step of activity-based costing assigns overhead costs to pools rather than to products.

---

Definitions:

Institutional Review Board (IRB)

A committee established to review and approve research involving human subjects, ensuring ethical standards and participants' rights are upheld.

Research Participants

Individuals who take part in research studies and whose data or responses may contribute to scientific findings.

Premarital Sex

Sexual activity between people who are not married to each other.

Egocentric Fallacy

The erroneous belief that one's own personal experiences or values are universally shared by others.