In designing an activity-based costing system,what is the first step?
A)collecting data about costs
B)determining the relationships among cost objects,activities,and resources
C)determining the key components of the activity-based costing system
D)calculating the costs of the product

Question

Quizplus · Accepted Answer

The first step in designing an activity-based costing system is determining the key components of the system, which involves identifying the activities, cost objects, and resources that will be used in the system.

In Designing an Activity-Based Costing System,what Is the First Step