________ identifies costs with the corporation's strategy for production of goods and services.
A)Activity-based costing
B)Job-order costing
C)Process costing
D)Manufacturing costing

Question

Quizplus · Accepted Answer

Activity-based costing specifically identifies costs that are associated with the corporation's strategy for production of goods and services. This method allocates indirect costs to activities, which are then allocated to specific products or services based on their use of the activities. It provides a more accurate picture of the costs associated with each product or service, based on the actual resources consumed, and is therefore more suited to a strategic approach. Job-order costing and process costing are more appropriate for specific types of production processes, and manufacturing costing is a more general term that can refer to any approach to costing in a manufacturing context.

________ Identifies Costs with the Corporation's Strategy for Production of Goods