The first step in designing an ABC system is to determine the key components of the activity- based cost accounting system.

Name: The first step in designing an ABC system is to determine the key components of the activity- based cost accounting system.
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The first step in designing an ABC system is to determine the key components of the activity-based cost accounting system. These components include the activities to be costed, the cost drivers for each activity, and the activity rates.

The First Step in Designing an ABC System Is to Determine