Activity-Based Costing presumes that all costs are static regardless of the level of activity or production, and seeks to fairly allocate those costs.

Name: Activity-Based Costing presumes that all costs are static regardless of the level of activity or production, and seeks to fairly allocate those costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

"ABC is based on the premise that activities drive costs and that costs should be assigned to products (or other cost objects) in proportion to the volume of activities they consume."

Activity-Based Costing Presumes That All Costs Are Static Regardless of the Level