1) Activity-based costing:

A) allocates overhead to multiple activity cost pools, and it then assigns the activity.

B) allocates overhead directly to products and services based on activity levels.

C) assigns activity cost pools to productss and services, then allocatesback to the activity cost pools

D) accumulates overhead in one cost pool, then assigns the overhead to products and services by means of a cost driver.

2)Cost of Goods Sold:

A) only appears on manufacturing companies income statement.

B) appears on both manufacturing and merhcandising companies income statement

C) is calculated exactly the same for merchandising and manufacturing companies

D) only appears on merchandising companies income statement.