Which of the following statements is false? a. Activity-based costing can only be used by manufacturing firms.
Question:
Which of the following statements is false?
a. Activity-based costing can only be used by manufacturing firms.
b. Activity-based costing focuses on allocating indirect costs.
c. An activity-based costing system requires more information than a system that uses a single plantwide overhead rate.
d. A system that uses activity-based costing is more refined than one that uses departmental overhead rates.
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