________ is a name for a system that first accumulates indirect resource costs for each of the activities of an organization and then assigns the cost of each activity to the cost objects that require that activity.
A) Activity-based management
B) Activity-based costing
C) Cost accounting
D) Activity-based cost allocation

Question

Quizplus · Accepted Answer

Activity-based costing is a system that first accumulates indirect resource costs for each of the activities of an organization and then assigns the cost of each activity to the cost objects that require that activity. This method provides a more accurate way of assigning costs to products, services, or processes based on their actual consumption of resources. Choices A, C, and D are not fully accurate descriptions of this system.

________ Is a Name for a System That First Accumulates