Which of the following statements is false?

a.Batch costing is a hybrid of process and job costing.

b.Businesses which deal with overheads on a business-wide basis are relatively common.

c.Overhead application rates are generally calculated at the beginning of the accounting period.

d.The sale of output at full cost should result in the business earning zero profit.

At each stage of a multi-stage production process, a job accumulates

a.Only the indirect costs applicable to that stage; direct costs are recorded when production starts.

b.All direct and indirect costs applicable to that stage.

c.Only the direct costs applicable to that stage; indirect costs are added when production is complete.

d.Only the direct costs applicable to that stage; indirect costs are not considered to be applicable to the production process.