Consider the following statements. Product diversity creates problems in product costing because diverse products...
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Accounting
Consider the following statements.
- Product diversity creates problems in product costing because diverse products tend to utilise productive activities in very different ways.
- Overhead costs that are not incurred at the unit level create product-costing problems because they do not vary with measures such as direct labour hours or machine hours.
- Product diversity exists when a single product, such as pens, are made in different colours.
Which of the above statement/s is/are true?
Select one:
a. i and ii
b. i
c. ii
d. i and iii
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