The first step in developing an activity-based costing system is to identify the activities that will be used to assign the manufacturing overhead and estimate their total costs.

Name: The first step in developing an activity-based costing system is to identify the activities that will be used to assign the manufacturing overhead and estimate their total costs.
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This statement is true. Identifying the activities is the first step in implementing an activity-based costing system.

The First Step in Developing an Activity-Based Costing System Is