16.Time-based method of overhead costing is appropriate and effective to deal with some modern industries with a focus of meeting personalised requirements from customers.

17. When using activity-based costing method, sometimes accountants may find it difficult to apportion the cost between cost pools.

19.To prepared a job order cost sheet, management accountants need to accumulate all direct materials, direct labor, and overhead costs applied to that job.

20.To set standard costs, management accountants can refer to past historical records or/and engineering studies that detail materials, labor and equipment usage.

23.Setting a different transfer price between different divisions will change the overall profits of the parent company.

Select one:

True False