Costing system, in which individual activities are identified as cost object is considered as

The correct answer is: B. activity based costing

Activity-based costing (ABC) is a costing methodology that identifies and assigns indirect costs to cost objects based on the activities that consume them. This differs from traditional costing methods, which assign indirect costs to cost objects based on volume-based allocation bases, such as direct labor hours or machine hours.

ABC is a more accurate costing methodology than traditional costing methods because it more accurately reflects the costs of activities that consume resources. This can lead to more accurate product costing, which can in turn lead to more accurate pricing and profitability decisions.

Here is a brief

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