Question: Explain the three different ways in which the term cost driver is used in activity-based costing and give two examples of each type of cost

Explain the three different ways in which the term cost driver is used in activity-based costing and give two examples of each type of cost driver for a bank. (First think about the activities performed in a bank and then think about their cost drivers.)

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Costs are a measure of resources consumed Activitybased costing is based on a recognition that cost objects cause the performance of activities and resources are consumed in the performance of activit... View full answer

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