Question: The first step in activity - based costing is to identify and classify the activities and allocate overhead to cost pools. identify the cost drivers

The first step in activity-based costing is to
identify and classify the activities and allocate overhead to cost pools.
identify the cost drivers and estimate total annual cost driver usage.
assign overhead costs to products using the overhead rates and use of each cost driver.
compute the activity-based overhead rate for each cost pool.
The first step in activity - based costing is to

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