Which of the Following Statement Is FALSE

Multiple Choice

Which of the following statement is FALSE?

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) 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.
D) Traditional product costing systems are more refined than an ABC system.