Which of the following statements is true regarding activity-based costing (ABC)?

Question

Options

• AAn ABC costing system is similar to conventional costing systems in how it treats the allocation of
• BAn ABC costing system uses a single unit-level basis to allocate overhead costs to products.
• CAn ABC costing system may be used with either a job order or a process cost accounting system.
• DThe primary disadvantage of an ABC costing system is less accurate product costing.

• A
  5% (1)
• B
  14% (3)
• C
  76% (16)
• D
  5% (1)

Explanation

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