Which of the following statements about traditional accounting systems is INCORRECT?
A)They present an inadequate picture of manufacturing efficiency.
B)They attach no value to rework or bottlenecks that impede processing.
C)They allocate overhead costs to the products and services that use them.
D)They usually are not structured to capture important cost-of-quality data.

Question

Quizplus · Accepted Answer

Traditional accounting systems do allocate overhead costs to products and services, which is a correct statement, making it not the incorrect one.

Which of the Following Statements About Traditional Accounting Systems Is