Which of the following statements is true? Multiple Choice First-stage allocation assigns overhead costs to activities. First-stage allocation assigns activity costs to products or customers. First-stage allocation assigns direct materials and direct labor to products. First-stage allocation redistributes organization-sustaining costs to the batch-level and product-level activities. In accounting a part or activity of an organization about which managers would like cost, revenue, or profit data is known as a Multiple Choice Department Group Segment None of the above. Potential problems with standard costs include Multiple Choice Standard cost variance reports are usually prepared on a monthly basis and may contain information that is outdated. In some cases, a "favorable" variance can be as bad or worse than an unfavorable variance. Both a and b are potential problems with standard costs. Neither a nor b are potential problems with standard costs. Traceable fixed costs Multiple Choice are NOT easily traceable to a particular segment. would NOT disappear if the segment were eliminated. are costs incurred because the segment exists O none of the above. In standard costing, standards are... Multiple Choice not important for measuring performance. benchmarks or "norms" for measuring performance the only way to evaluate performance. none of the above