Identifying activities performed in the organization is the first step in developing activity-based product costs.Which of the following is a way to identify these activities?
A)Asking employees what they do
B)Analyzing industry averages
C)Both asking employees what they do and analyzing industry averages
D)Neither asking employees what they do nor analyzing industry averages

Question

Quizplus · Accepted Answer

Asking employees what they do is a direct way to identify activities, as they are involved in the day-to-day operations and can provide insights into the tasks they perform.

Identifying Activities Performed in the Organization Is the First Step