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Which procedures best describes activity-based costing

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Reference no: EM132536759

Question 1: Which of the following procedures best describes activity-based costing?

Option 1: All overhead costs are recorded as expenses as incurred.

Option 2: Overhead costs are assigned directly to products.

Option 3: Overhead costs are assigned to activities; then costs are assigned to products.

Option 4: Overhead costs are assigned to departments; then costs are assigned to products.

Reference no: EM132536759

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