Using a broad average to assign costs to products or services may lead to undercosting or overcosting.

Name: Using a broad average to assign costs to products or services may lead to undercosting or overcosting.
Brand: Quizplus
Rating: 4.8 (27 reviews)

Question

Quizplus · Accepted Answer

Using a broad average to assign costs to products or services may not accurately capture the specific costs associated with each product or service, leading to undercosting or overcosting. It is important to use a more accurate costing method to ensure that prices are fair and profitable.

Using a Broad Average to Assign Costs to Products or Services