LO 7-1

er 7 Assignment 0 Saved Check my work mode: This shows what is correct or incorrect for the work you have completed so fa Required information of 2 Knowledge Check 01 Which of the following is an allocation base commonly used under the traditional methods for allocation of overhead costs? Number of batches. Direct labor-hours. Indirect materials Number of customer orders Knowledge Check 02 All of the following are differences between ABC and traditional absorption costing except * ABC system may assign nonmanufacturing costs to products ADC allocates all manufacturing costs to products ABC system uses many cost pools ABC system may exclude some manufacturing costs, such as organization-sustaining costs