Which of the following statements is (are)false regarding cost allocations and product costing? (A)It is easier to determine the individual product cost for a manufacturer than it is for a wholesaler.(B)In general,indirect costs are assigned,while direct costs are allocated. A) Only A is false. B) Only B is false. C) Both A and B are false. D) Neither A nor B is false.

Question

Quizplus · Accepted Answer

(A) is false because it is usually easier for a wholesaler to determine individual product costs since they do not have to worry about the manufacturing costs. 
(B) is false because indirect costs can be allocated or assigned, while direct costs are always assigned.

Which of the Following Statements Is (Are)false Regarding Cost Allocations