_____ organizes information about the work that consumes resources and delivers value in a business.
A)Activity-based costing
B)External costing
C)Internal costing
D)Process costing

Question

Quizplus · Accepted Answer

Activity-based costing is a method of organizing information about the work that consumes resources and delivers value in a business. It assigns costs to activities based on their use of resources and then assigns those costs to products, services, or other cost objects. The result is a more accurate picture of the costs associated with a particular business process or activity. Option B and C are not relevant, while process costing is a different method that assigns costs to each process in the production of a product or service.

_____ Organizes Information About the Work That Consumes Resources and Delivers