TB MC Qu. 2-1 (Static) Which of the following...

Which of the following statements are true?

A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs.

Job-order costing systems often use allocation bases that do not reflect how jobs actually use overhead resources.

An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day.

Multiple Choice

All of the statements are true.

Statements II and III are true.

Statements I and II are true.

Only statement I is true.