Indicate Whether Each of the Following Statements Is True or False.Use

Essay

Indicate whether each of the following statements is true or false.Use of an activity-based costing system may identify products that are overcosted or undercosted by a traditional system. ____
Use of an activity-based costing system may prove to company managers that it is incurring losses on some products they believed to be profitable. ____
The starting point for target pricing is to determine the costs that are incurred in making the product. ____
Use of a traditional product costing system may put a company at a competitive advantage by overcosting some products. ____
Activity-based costing results could lead managers of a company to decide to eliminate some products. ____