Each of the Following Statements Is True EXCEPT

Multiple Choice

Each of the following statements is true EXCEPT:

A) traditional product costing systems seek to assign all manufacturing costs to products
B) ABC product costing systems seek to assign all manufacturing costs to products
C) traditional product costing systems are more refined than an ABC system
D) cost distortions occur when a mismatch (incorrect association) occurs between the way indirect costs are incurred and the basis for their assignment to individual products