Which of the following is not a basic step that is used to determine the cost of goods using Activity- Based Costing?
A. Identify and classify the activities related to the company's products.
B. Calculate a cost-driver rate for each activity.
C. Classify all costs into variable and fixed cost behavior.
D. Assign activity costs to products.
Answer:C
Which of the following is not a basic step that is used to determine the cost of goods using Activity- Based Costing?
A. Identify and classify the activities related to the company's products. B. Calculate a cost-driver rate for each activity. C. Classify all costs into variable and fixed cost behavior. D. Assign activity costs to products.