Thefirst Step in Activity-Based Costing (ABC)is to

Multiple Choice

Thefirst step in activity-based costing (ABC) is to

A) identify the activities that consume resources,and assign costs to those activities.
B) identify the cost driver(s) associated with each activity.
C) compute a cost rate per cost driver unit.
D) assign costs to products by multiplying the cost driver rate by the volume of cost drivers consumed by the product.