The Statement Concerning Activity-Based Costing ABC)that Is Not True Is

question 12

Multiple Choice

The statement concerning Activity-based costing ABC) that is not true is:

• A)It has been introduced to overcome distortions in costing multiple products which occur when a single base is used to apply overhead to products
• B)ABC is cheaper and less time consuming to implement than traditional costing systems
• C)Overhead costs are accumulated by activities and then assigned to cost objects using a different cost driver for each activity.
• D)ABC can be applied in service businesses as well as in manufacturing businesses

---

Definitions:

Alexander Hamilton

One of the Founding Fathers of the United States, known for his role in establishing the national banking system and advocating for a strong federal government.

NATO

The North Atlantic Treaty Organization, a military alliance formed in 1949 by countries in North America and Europe to provide collective defense against aggression.

Soviet Aggression

Refers to the actions taken by the Soviet Union to expand its influence and territory during the Cold War, often seen as threats to non-communist countries.

National Security State

A concept referring to a government where a nation's resources and efforts are significantly directed toward maintaining and defending national security.