Four basic steps are used in an abc system. list the proper order of these steps, which are currently scrambled below:

a. identify the primary activities and estimate a total cost pool for each.

b. allocate the costs to the cost object using the activity cost allocation rates.

c. select an allocation base for each activity.

d. calculate an activity cost allocation rate for each activity.

If jobs have been undercosted due to underallocation of manufacturing overhead, then cost of goods sold (cogs) is too low and which of the following corrections must be made? a. decrease cogs for double the amount of the underallocation b. increase cogs for double the amount of the underallocation c. decrease cogs for the amount of the underallocation d. increase cogs for the amount of the underallocation

In microeconomics, the point at which supply and demand meet is called the blank price

Based on what you learned about time management which of these statements are true