36. In Plantwide Overhead rate, the assumption is overhead is determined by direct labour hours and changes in direct proportion

True

False

37. In ABC Costing, the whole concept revolves around overhead cost allocation.

True

False

38. The Theory of Constraints is part of the Lean Business Model

True

False

39. Period Costs are expensed in the period in which they are incurred unlike PRODUCT costs

True

False

40 A weakness of Traditional Budgeting system

Not accurate

Too slow because of many meetings

Managers trying to manipulate the system

No weakness