16. Activity-based costing raises numerous specific questions that managers can address to improve which of the following?

a. Efficiency only.

b. Price and efficiency

c. Productivity and quality.

d. Productivity only.

17. For external reporting purposes, how are fixed manufacturing costs treated?

a. As period costs.

b. Expensed as incurred.

c. Period costs included in the value of inventory.

d. Product costs included in the value of inventory.