Which of the Following Statements Is Correct About the Differences

question 63

Multiple Choice

Which of the following statements is correct about the differences between a volume-based cost system and an ABC system?

• A)The only difference is how the methods assign indirect costs to products.
• B)The only difference is how the methods assign direct costs to products.
• C)The methods assign both direct and indirect costs differently to products.
• D)There is no difference in how the methods assign direct or indirect costs to products.

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Definitions:

Organizational Pattern

A systematic arrangement of ideas or information to achieve a coherent and logical flow in writing or speech.

Spatially

Relating to, occupying, or having the character of space, often used to describe how objects fit together in space or are organized.

Signposts

cues or markers within a speech or writing that guide the audience through the structure and important points.

Classification

A method of arranging entities in an organized system based on common characteristics or themes.