Which of the following is true of refinement of a costing system? Question...
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Which of the following is true of refinement of a costing system? Question content area bottom Part A It reduces the use of broad averages for assigning the cost of resources to cost objects. B A homogeneous cost pool will use multiple cost drivers to allocate costs. C It is likely to yield the most decisionminusmaking benefits when direct costs are a high percentage of total costs. D While refining a costing system, companies should identify as many indirect costs as is economically feasible.
Which of the following is true of refinement of a costing system?
Question content area bottom
Part
A
It reduces the use of broad averages for assigning the cost of resources to cost objects.
B
A homogeneous cost pool will use multiple cost drivers to allocate costs.
C
It is likely to yield the most
decisionminusmaking
benefits when direct costs are a high percentage of total costs.
D
While refining a costing system, companies should identify as many indirect costs as is economically feasible.
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