Traditional costing systems are generally more accurate than ABC costing.

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This statement is false. ABC costing systems are generally considered more accurate than traditional costing systems. Traditional costing systems rely on allocating overhead costs to products based on a single predetermined overhead rate, which may result in inaccurate cost assignments. ABC costing, on the other hand, identifies multiple cost drivers or activities that contribute to overhead costs and allocates costs accordingly, resulting in a more accurate assignment of costs to products.

Traditional Costing Systems Are Generally More Accurate Than ABC Costing