Multiple Choice
Which of the following statements is (are) true? (1) Activity-based costs per unit are always greater than volume-based costs per unit.(2) Volume-based costing has typically resulted in lower gross margins for high volume products and higher gross margins for low volume products.
A) Only 1 is true.
B) Only 2 is true.
C) Both 1 and 2 are true.
D) Neither 1 nor 2 is true.
Correct Answer:
Verified
Correct Answer:
Verified
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