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What is the first step in activity-based costing?

EncofBizandFinance ∙

Lvl 1

∙ 14y ago

Updated: 12/8/2022

Costs are assigned to activities from resource cost pools.

Wiki User

∙ 14y ago

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What is the first step in activity based costing?

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Why does over costing and under costing occur with traditional costing system?

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Is the marginal costing called direct costing?

Yes marginal costing is also sometimes called direct costing.

what is the theme of cost price by kerima?

Costing is important to ensure that all expenses are covered and the group fixes a price that ensures a profit. The first and most important step is to identify ALL the costs of a business: production, sales, administrative, overheads, etc. The next step is to classify costs into fixed and variable costs

What is the first step of a project?

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