ABC differs from traditional product costing in which of the following ways?

Multiple Choice

• Overhead is allocated to products in ABC.

• Estimated costs are used.

• Diverse cost drivers are used.

• It is completely accurate.

Which costing method assumes all products use overhead costs in the same proportions?

Multiple Choice

• Activity-based costing.

• Plantwide overhead rate method.

• Department overhead rate method.

• All cost allocation methods.