Question

3. The following are the 6 cost pools established for a company using activity-based costing (ABC),...

3. The following are the 6 cost pools established for a company using activity-based costing (ABC), the pools are related to the company’s products using cost drivers. For each of the pools identify a driver.
COST POOL​​​​​​​ COST DRIVER
Inspection of raw materials​
Production equipment repairs and maintenance​
Raw materials storage​
Plant heat, light, water, and power​
Finished product quality control​
Production line setups

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