Each of the Following Statements Is True EXCEPT

question 77

Multiple Choice

Each of the following statements is true EXCEPT:

• A)traditional product costing systems seek to assign all manufacturing costs to products
• B)ABC product costing systems seek to assign all manufacturing costs to products
• C)traditional product costing systems are more refined than an ABC system
• D)cost distortions occur when a mismatch (incorrect association)occurs between the way indirect costs are incurred and the basis for their assignment to individual products

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Definitions:

Motivate

To provide someone with a reason or incentive to do something.

Sexual Orientation

A person’s sexual identity and the gender(s) to which she or he is attracted.

Legal

Pertains to the system of rules that are created and enforced through social or governmental institutions to regulate behavior.

Ability

The possession of the means or skill to do something or carry out a task effectively.