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What is an activity-based approach to refining a cost assignment system? O A. An activity-based approach traces direct costs to a cost object by using the actual direct-cost rates times the actual quantities of the direct-cost inputs. Indirect costs are allocated based on the actual indirect-cost rates times the actual quantities of the cost-allocation bases. OB. An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. O C. An activity-based approach describes a particular costing approach that uses broad averages for assigning the cost of resources uniformly to cost objects. OD. None of the above Activity-based management describes management decisions that use activity-based costing information to O A. identify potential customers. OB. anticipate changes in the market. OC. eliminate activities that add value but are not cost drivers. D. improve product pricing, cost reduction and design. O E. smooth indirect costs. What is an activity-based approach to refining a cost assignment system? O A. An activity-based approach traces direct costs to a cost object by using the actual direct-cost rates times the actual quantities of the direct-cost inputs. Indirect costs are allocated based on the actual indirect-cost rates times the actual quantities of the cost-allocation bases. OB. An activity-based approach refines a costing system by focusing on individual activities as the fundamental cost objects. It uses the cost of these activities as the basis for assigning costs to other cost objects such as products or services. O C. An activity-based approach describes a particular costing approach that uses broad averages for assigning the cost of resources uniformly to cost objects. D. None of the above