25. Which of the following major activities of a business will result in product costs? A. Marketing. B. Customer support. C. General administrative. D. Manufacturing.

1. Planning is a function that involves ? 2. Product costs are costs that are a neccessary and integral part of producing the finished product. True or False?

35. Which of the following is not an objective of product costing systems? a. To assist in the preparation of financial statements b. To provide information for cost planning c. To determine the optimal amount of products to manufacture d. To provide information for product pricing

Which of the following statements is true of activity-based costing? O a. ABC ignores the allocation of storage costs. O b. Activities are the cost objects of the second stage of ABC. Ос. An activity cost pool collects costs related to the same activity. O d. ABC is more likely to result in big differences from a traditional costing system if the business makes only one product rather than multiple products.