An accounting system that collects financial and operating data on the basis of the underlying nature and extent of cost drivers is (CMA adapted)

Question

Quizplus · Accepted Answer

Activity-based costing collects financial and operating data based on the underlying nature and extent of cost drivers. Full-absorption costing combines all direct and indirect costs into the product cost, while variable costing only includes variable costs. Benchmarking compares performance to industry standards. Therefore, B is the best choice.

An Accounting System That Collects Financial and Operating Data on the Basis