Which of the following is NOT a valid step when designing an activity-based costing system?
A)Determine the key components of the system.
B)Determine the relationships between cost objects,activities,and resources.
C)Calculate the new cost of the product.
D)Benchmarking.

Question

Quizplus · Accepted Answer

Benchmarking is not a valid step when designing an activity-based costing system because it is not a part of the process of determining the key components of the system, the relationships between cost objects, activities, and resources, or the calculation of the new cost of the product.

Which of the Following Is NOT a Valid Step When