Consider the following statements regarding traditional costing systems. Which of the statements is the most accurate?

Multiple Choice

All manufacturing costs are easily traceable to the goods produced

All manufacturing costs are easily traceable to the goods produced and traditional costing systems tend to distort unit manufacturing costs when numerous $g$ are made that have widely varying production requirements

Overhead costs are applied to products on the basis of volume$-$related measures

Overhead costs are applied to products on the basis of volume$-$related measures and traditional costing systems tend to distort unit manufacturing costs when numerous goods are made that have widely varying production requirements

Traditional costing systems tend to distort unit manufacturing costs when numerous goods are made that have widely varying production requirements