An activity-based costing system first assigns costs to activities and then to cost objects.

Name: An activity-based costing system first assigns costs to activities and then to cost objects.
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In activity-based costing, costs are first identified and assigned to activities that are involved in producing a product or providing a service. Then, those activity costs are allocated or assigned to cost objects, such as products, services, or customers.

An Activity-Based Costing System First Assigns Costs to Activities and Then