Which of the following statements is FALSE?
A)Traditional cost systems generally assign only production costs to products.
B)Only one cost driver is acceptable when indirect manufacturing costs are a large proportion of total costs.
C)Traditional cost systems work well with simple production and operating systems.
D)Cost drivers can be expressed in dollar amounts.

Question

Quizplus · Accepted Answer

Multiple cost drivers may be necessary to accurately allocate indirect costs in situations where they are a significant proportion of total costs.

Which of the Following Statements Is FALSE