Asked by devanshi mehrotra on Jul 17, 2024
Verified
What is the basic principle underlying activity-based costing?
Activity-Based Costing
An accounting method that assigns costs to products or services based on the activities they require, leading to more accurate product costing.
- Comprehend the basic tenets and computations associated with activity-based costing (ABC).
Verified Answer
AB
Abubakar BhattiJul 23, 2024
Final Answer :
The basic principle underlying activity-based costing is that an activity is what causes costs to be incurred.
Learning Objectives
- Comprehend the basic tenets and computations associated with activity-based costing (ABC).
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