Which costing system first assigns costs to activities and then to products?
A)activity-based costing
B)production costing
C)volume-based costing
D)unit-level costing

Question

Quizplus · Accepted Answer

Activity-based costing (ABC) first assigns costs to activities and then to products. It identifies the activities that drive costs and allocates those costs to products based on their usage of the activities. This method provides a more accurate picture of the true cost of producing a product as compared to other costing systems.

Which Costing System First Assigns Costs to Activities and Then