Question: What is the basic difference between how overhead costs are assigned in process costing and activity-based costing (ABC) systems? Select answer from the options below

What is the basic difference between how overhead costs are assigned in process costing and activity-based costing (ABC) systems? Select answer from the options below There is no difference. Both systems assign overhead costs using a predetermined rate. There is no difference. Both systems assign overhead costs to products based on consumption of resources. Process costing assigns overhead costs directly to products using a predetermined rate; ABC assigns overhead costs based on direct consumption of resources. Process costing assigns overhead costs based on direct consumption of resources; ABC assigns overhead costs directly to products using a predetermined rate

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