Which of the Following Statement Is FALSE

question 81

Multiple Choice

Which of the following statement is FALSE?

• 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)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.
• D)Traditional product costing systems are more refined than an ABC system.

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Definitions:

Rooney Rule

An NFL policy that requires teams to interview at least one minority candidate for head coaching and senior football operation jobs.

Market Pricing

The act of determining the value and appropriate pay level for job positions within an organization based on external market data, including salaries and wages offered by competitors.

Prevailing Wage Rates

Standardized wage levels determined by regulatory bodies for certain job categories within specific regions, often used to ensure fair compensation.

Prevailing Wage Rates

Prevailing wage rates refer to the standard set of wages determined by regulatory bodies that employers must pay their workers for specific types of work, often used in public sector contracts.