Activity-based costing relies heavily on broad averages to assign costs to jobs, products, and services.

Name: Activity-based costing relies heavily on broad averages to assign costs to jobs, products, and services.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

Activity-based costing is a more detailed and precise costing methodology that assigns costs to specific activities that are required to produce a product or service, rather than relying on broad averages.

Activity-Based Costing Relies Heavily on Broad Averages to Assign Costs