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Which of the following statements about activity-based costing (ABC) is INCORRECT? A : The primary benefit of ABC is more accurate and meaningful product costing.
Which of the following statements about activity-based costing (ABC) is INCORRECT? A : The primary benefit of ABC is more accurate and meaningful product costing. B : ABC assumes all costs related to the activity should respond proportionally to changes in the activity level of the cost driver. C : ABC focuses on units of production. D : ABC may be used with either a job order or process cost accounting system.
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