Consider the Following Statements Regarding Conventional Costing Systems

question 37

Multiple Choice

Consider the following statements regarding conventional costing systems.i.All overhead costs are assumed to be driven by volume of production
Ii) All product costs are direct costs.
Iii) Conventional 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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