Which of the Following Statements Best Completes This Sentence: 'Activity-Based

Multiple Choice

Which of the following statements best completes this sentence: 'Activity-based costing …'

A) asserts that cost behaviour can best be determined if the split between fixed and variable cost is ignored
B) has replaced standard costing as the preferred method of allocating costs to products
C) is based on allocating fixed overheads based on the elements that drive them
D) emphasises the need to obtain a better understanding of the behaviour of overhead costs