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Which of the following statements are true? I. Activity based costing (ABC) can only...

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Accounting

Which of the following statements are true?
I. Activity based costing (ABC) can only be applied to service industries.
II. Many service applications involve high fixed costs and the higher the number of cost units produced, the higher the fixed costs per unit.
\table[[A,[,],I only],[B,[,],II only],[C,[,],Both I and II],[D,[,],Neither I nor II]]
A company is developing a new product which has required market research of $120000. It is estimaled that the product will provide revenue of $600000 during the following year with variable costs of $300000 and fixed costs of $200000
Which of the following costs are not relevant to a decision as to whether to produce this product?
\table[[A,[,],$120000
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