1. Describe how activity measures are chosen when
using the ABC approach. Also, explain how activity based costing (ABC)
fits into an overall cost accounting system.
2. What are overhead costs and how do they affect financial statements? What are the types of overhead that can be applied and how does it affect managerial decision-making?
2. What are overhead costs and how do they affect financial statements? What are the types of overhead that can be applied and how does it affect managerial decision-making?
