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Which of the following statements best describes how costs are often assigned to a customized product? Group of answer choices Total costs are divided by
Which of the following statements best describes how costs are often assigned to a customized product?
Group of answer choices
Total costs are divided by the number of units produced.
Direct costs are identified for each department and divided by the number of products, while indirect costs are excluded from product costing.
The cost of a customized product is determined by dividing the total costs by the number of customized products made.
Direct costs are allocated to the cost object and actual indirect costs are traced to the cost object using a twostage measurement process.
Direct costs are traced to the cost object and indirect costs are allocated by using cost allocation bases or cost drivers.
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