Which of the following is the first step in assigning costs in the activity-based costing?
A)Analyze all nonvalue-adding activities to determine if they are necessary support areas
B)Accumulate costs for each activity
C)Identify and classify each activity
D)Separate nonvalue-adding activities from value-adding activities

Question

Quizplus · Accepted Answer

The first step in assigning costs in activity-based costing is to identify and classify each activity. This involves identifying all the tasks that are being performed and categorizing them into different activities.

Which of the Following Is the First Step in Assigning