All of the Following Statements Regarding Activity-Based Costing Systems Are

Multiple Choice

All of the following statements regarding activity-based costing systems are true except they:

A) Can provide more accurate product costs.
B) Identify more costs as indirect costs than do traditional volume-based systems.
C) Are likely to be more time-consuming than volume-based systems.
D) Are used in both manufacturing and non-manufacturing companies.
E) Are likely to have more overhead rates than volume-based systems.