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 options: A homogeneous cost pool will use multiple cost drivers to allocate costs. It is likely to yield the most decisionmaking benefits when direct costs are a high percentage of total costs. It reduces the use of broad averages for assigning the cost of resources to cost objects. 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 options:
A homogeneous cost pool will use multiple cost drivers to allocate costs.
It is likely to yield the most decisionmaking benefits when direct costs are a high percentage of total costs.
It reduces the use of broad averages for assigning the cost of resources to cost objects.
While refining a costing system, companies should identify as many indirect costs as is economically feasible.
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