Consider the Following Statements Regarding Traditional Costing Systems

question 36

Multiple Choice

Consider the following statements regarding traditional costing systems.
i. All overhead costs are assumed to be driven by volume of production.
ii. All product costs are direct costs.
iii. Traditional costing systems tend to distort product costs when numerous products are made that vary in their production requirements.
Which statement/s is/are true?

• A) i
• B) ii and iii
• C) i and iii
• D) ii

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