Consider the Following Statements

question 87

Multiple Choice

Consider the following statements.
i. Product diversity creates problems in product costing because diverse products tend to utilise productive activities in very different ways.
ii. Overhead costs that are not incurred at the unit level create product-costing problems because they do not vary with measures such as direct labour hours or machine hours.
iii. Product diversity exists when a single product, such as pens, are made in different colours.
Which of the above statement/s is/are true?

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

---

Definitions:

Sensory Memory

The shortest-term element of memory, which acts as a buffer for stimuli received through the senses, lasting up to a few seconds.

Selectively Attended

The cognitive process of focusing on a particular object in the environment for a certain period, while ignoring other perceivable information.

Long-term Memory

A type of memory storage that can hold information for extended periods of time, ranging from minutes to a lifetime, encompassing a wide range of knowledge, experiences, and skills.

Meaningful

Having significance, purpose, or value that is important to an individual or group.