Which of the following statements most accurately describes Activity-Based Costing?
A) Costs are accumulated in departments and allocated based on a single driver for each department.
B) Costs are accumulated in departments and allocated based a variety of drivers for each department.
C) Costs are accumulated in cost pools and allocated based on a variety of drivers for each pool.
D) Costs are accumulated in cost pools and allocated based on a single driver for each pool.
E) None of the above

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements most accurately describes Activity-Based Costing?
A) Costs are accumulated in departments and allocated based on a single driver for each department.
B) Costs are accumulated in departments and allocated based a variety of drivers for each department.
C) Costs are accumulated in cost pools and allocated based on a variety of drivers for each pool.
D) Costs are accumulated in cost pools and allocated based on a single driver for each pool.
E) None of the above

Which of the Following Statements Most Accurately Describes Activity-Based Costing