Selings 05. trace manufacturing overhead to individual activities and require the development of numerous activity- costing rates. 17 Flavorful Manufacturing sells a number of goods whose selling price is heavily influenced by cost. A recent study of product no. 519 revealed a traditionally-derived total cost of $1,019, a selling price of $1,850 based on that figure, and a newly computed activity-based total cost of $1,215. Which of the following statements is true? 01. Product no. 519 could be labeled as being overcosted by the firm's traditional costing procedures. 02. All other things being equal, the company should consider a drop in its sales price. 03. The company may have been extremely competitive in the marketplace from a price perspective. 04. If product no. 519 is undercosted by traditional accounting procedures, then all of the company's other products must be undercosted as well. 05. Generally speaking, the activity-based cost figure is "less accurate" than the traditionally-derived cost figure. 18 Which of the following is not a broad, cost classification category typically used in activity-based costing? 01. Batch-level. 02. Unit-level. 03. Product sustaining level. 04. Management-level. 05. Facility-level och Support (Ver: 7.31 Jul 29, 2020 12:22:19 AM Eastern Standard Time