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Which of the following statements is true about activity-based costing? Only one activity should be used for a company. Many different activity bases are used
Which of the following statements is true about activity-based costing?
Only one activity should be used for a company. | |
Many different activity bases are used in applying overhead. | |
There can only be one cost driver. | |
Direct materials and direct labor are applied to work-in-process based upon cost drivers. |
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