The process of completing an Activity Based Costing (ABC) analysis can be broken into two steps: Gathering total data and activity statistics Allocating the costs of activities to a service Activity Based Costing (ABC) is applicable throughout a healthcare organization's financing and accounting. ABC as a process helps: Identify inefficient products, departments and activities. Allocate more resources on profitable products, departments and activities. Control the costs at any per-product-level and on a departmental level. Find unnecessary costs that may be eliminated. Establish the price of a product or service with any desired analytical resolution. Given these technical assumptions, answer the following questions. Activity Based Costing may be best defined as: A. A costing methodology that identifies activities and assigns costs B. A pricing methodology to influence decisions C. The opposite of Six Sigma D. The identification of cost discrepancies across the organization