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:

Ureters Connect

The function of ureters is to transport urine from the kidneys to the bladder, facilitating urinary excretion.

Kidney

A pair of bean-shaped organs in vertebrates that filter waste products from the blood and excrete them, along with water, as urine.

Bladder

A hollow organ in the pelvic area that stores urine from the kidneys before it is excreted through the urethra.

Marine Cartilaginous Fishes

Fish that have a skeleton made of cartilage rather than bone, including sharks, rays, and skates.