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Activity-Based Costing (ABC) is a two-stage method of cost assignment that assigns overhead costs to key activities, and then assigns those costs to products or
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Activity-Based Costing (ABC) is a two-stage method of cost assignment that assigns overhead costs to key activities, and then assigns those costs to products or services based on their use of those activities.
True
False
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The number of purchase orders is a reasonable basis for allocating to jobs the purchasing department costs.
True
False
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Over the past century, overhead costs have increased as a percentage of total product cost.
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False
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ABC is useful for product costing, but traditional costing is superior for customer profitability.
True
False
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