An activity-based costing system that is designed for internal decision-making will not conform to generally...

90.2K

Verified Solution

Question

Finance

An activity-based costing system that is designed for internal decision-making will not conform to generally accepted accounting principles because:

a. under activity-based costing the sum of all product costs equals the total costs of the company.

b. under activity-based costing not all manufacturing costs are assigned to products.

c. activity-based costing has not been approved by the United Nation's International Accounting Board.

d. activity-based costing results in less accurate costs than more traditional costing methods based on direct labor-hours or machine-hours.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students