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.

6.2 Action Required:

• Watch the short video in the following link:

https://www.youtube.com/embed/ivlI0HvUPQo

6.3 Test your Knowledge (Question):

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

6.4 Instructions:

• Answer the above question to test your knowledge.
• Post your answer on the discussion board using the discussion link below (Week6:Interactive learning Discussion)