on 28 Each of the following statements is true EXCEPT: ed out of question O Select one: a. cost distortions occur when a mismatch (incorrect association) occurs between the way indirect costs are incurred and the basis for their assignment to individual products b. traditional product costing systems are more refined than an ABC system C. ABC product costing systems seek to assign all manufacturing costs to products d. traditional product costing systems seek to assign all manufacturing costs to products