Indicate Whether Each of the Following Statements Is True or False

question 59

Essay

Indicate whether each of the following statements is true or false.
Activity-based costing systems are useful for many manufacturing companies but not for businesses that exist to provide services to their customers.______
Costs that are closely related to volume of production may be classified as unit-level even if they do not change with each individual unit of product.______
Activities related to producing groups of products are referred to as product-level activities.______
Batch-level costs are fixed with respect to the number of units produced in a single batch of a product.______
Machine setup costs are usually classified as batch-level costs.______

---

Definitions:

Medium Density

Typically refers to a measure of compactness or concentration in a given area, often used in contexts like population, fibrous materials, or housing.

Logistical Distance

A measure that encompasses not just the physical distance but also considers factors like time, cost, and complexity in moving goods from one location to another.

Transports

the activity or service of moving goods and products from one location to another, a crucial component of supply chain and logistics operations.

Product

Any item or service created through a process and intended for sale or use by consumers, including tangible goods and intangible services.