Answer:
The correct answer is letter "B": Identification of cost pools, identification of cost drivers, calculation of pool rates, assignment of cost to products.
Explanation:
Activity-Based Costing or ABC is a managerial accounting method that assigns certain indirect costs to the products incurring the bulk of those costs. ABC is primarily used in the manufacturing sector to make a better calculation of the true cost of production per unit. For that purpose, ABC follows this sequence:
1) Identification of the activities for the creation of the product
2) Divide the activities into cost pools
3) Assign each cost pool to a cost driver
4) Calculation of the cost driver rates
5) Assignment of cost to products
C. Voluntary Exchange
Voluntary exchange means buyers and sellers freely and willingly participating in marketplace transactions.
Answer:
Exchange of purpose
Explanation:
The facet of partnership that describes the requirement that every worker be responsible for defining the project's vision and goals is called Exchange of purpose
