Which statement is FALSE? Activity-Based Costing includes non-manufacturing costs in product costs, so the inventory in the balance sheet will be higher under ABC than under traditional costing. Job costing does not consider non-manufacturing costs when recording product costs Activity-Based Costing can improve the accuracy of product cost in a Job Costing setting more than in process costing. None of above Increasing the number of indirect cost pools under ABC does not necessarily increase the accuracy of product costs.
Which statement is FALSE? Activity-Based Costing includes non-manufacturing costs in product costs, so the inventory in the balance sheet will be higher under ABC than under traditional costing. Job costing does not consider non-manufacturing costs when recording product costs Activity-Based Costing can improve the accuracy of product cost in a Job Costing setting more than in process costing. None of above Increasing the number of indirect cost pools under ABC does not necessarily increase the accuracy of product costs.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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