1. Learning Outcomes:

1. Learning Outcomes:

1. Define activity-based costing (ABC).
2. Explain what are activities, and how they identified.
3. Describe the process that is used to assign costs in an ABC system.

2. Action Required:

• Watch the short video in the following link:

3 Minutes! Activity Based Costing Managerial Accounting Example

 

3. Test your Knowledge (Question):

• Explain the term “activity-based costing (ABC).” On what basis, activities are identified in an ABC system?

 

4. Instructions:

• Answer the above question to test your knowledge.
• Post your answer on the discussion board using the discussion link below
• (( PLEASE USE YOUR OWN WORDS AND WRITE THE REFERENCE))