Which of the Following Statements About Product Costing Is False

question 26

Multiple Choice

Which of the following statements about product costing is false?

• A) Product costs may differ depending on the decision context.
• B) Organisations should aim to have only one product costing system.
• C) In designing a product costing system, managers need to make a careful assessment of costs and benefits associated with each element of the product cost.
• D) Both current costs and future costs are relevant for managerial decisions.

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Definitions:

PKU

Phenylketonuria (PKU) is a genetic disorder characterized by the inability of the body to break down the amino acid phenylalanine, leading to its accumulation and potential brain damage.

Sex Chromosome

A chromosome in the shape of a Y (male) or an X (female) that determines the sex of the child.

Klinefelter Syndrome

A chromosomal disorder found among males that is caused by an extra X sex chromosome and is characterized by infertility and mild intellectual disability.

Phenotype

The actual form, or constitution, of a person as determined by heredity and environmental factors.