Multiple Choice
Which of the following statements is FALSE?
A) Traditional cost systems generally assign only production costs to products.
B) Only one cost driver is acceptable when indirect manufacturing costs are a large proportion of total costs.
C) Traditional cost systems work well with simple production and operating systems.
D) Cost drivers can be expressed in dollar amounts.
Correct Answer:

Verified
Correct Answer:
Verified
Q28: Traditional costing systems generally allocate nonproduction value-chain
Q34: Manufactured goods fully completed but not sold
Q35: Which step is NOT used in the
Q37: A merchandising firm typically has _ inventory
Q43: Customers and company activities are examples of
Q44: A period cost is _.<br>A)associated with production
Q53: Period costs become expenses during a future
Q85: Determining the relationships among cost objects,activities,and resources
Q114: In general,more costs are direct when a
Q125: Costs can be classified as direct or