True or false

13. An appropriate allocation base for Human Resources Department costs would be headcount.

14. Selecting an appropriate cost driver helps ensure the accuracy of overhead costs.

15. An annuity represents equal amounts over a period of time.

16. The time value of money is an important concept relative to capital budgeting.

17. Activity based costing can be used to identify non value-added activities.

18. Activity based costing is used to allocate direct material costs accurately to products