Multiple Choice
Volume-based costing allocates indirect product costs based on the volume of output,using such allocation bases as direct labor hours,machine hours,or the amount of direct material used in the production process.Activity-based costing (ABC) has consistently shown that Volume-based costing ___________ the cost of high volume products and ______________ the cost of low volume products. 
A) Option a
B) Option b
C) Option c
D) Option d
Correct Answer:
Verified
Correct Answer:
Verified
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