Question 23 Each of the following statements is true EXCEPT: Not yet answered Marked out of 1.00 P Flag question Select one: a. ABC product costing systems seek to assign all manufacturing costs to products b. 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 c. traditional product costing systems are more refined than an ABC system d. traditional product costing systems seek to assign all manufacturing costs to products Question 24 The Materials Control account is increased when: Not yet answered Marked out of 1.00 Flag question Select one: a. Both A and B are correct. O b. materials are requisitioned for production C. direct materials are purchased d. indirect materials are purchased