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Which of the following stages are a part of activity-based costing? Trace costs to activities Overhead...

Which of the following stages are a part of activity-based costing? Trace costs to activities Overhead costs are assigned to cost objects Trace costs to cost objects Overhead costs are assigned to a plant or department a.I and III b.I, II, and IV c.II and IV d.I, II, III, and IV

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Answer #1

Option 1 is correct.

First We have to trace cost relaed to the activities.

Second the overhead costs have to assigned to cost objects (Products).

Then these aasigned overhead cost will be assigned to plan or department based on cost drivers.

.

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