please write correct answers and give explanations

please answer all questions

QUESTION 1 Il is essential the we measure cost night, so that we can make the right decisions about the following item(s) Price of a product or service Whether a product or service makes or loses money Whether to make or buy a product or service All of these QUESTION 2 One important reason that managers allocate overhead costs to products or service is to provide information for decision making True O False QUESTION 3 The biggest challenge of understanding costs is due to overhead or indirect costs being difficult to trace to products or services True O False QUESTION 4 The article Measure Cost Right- Make the Right Decisions indicates most companies detect the cost problem only after Thoy measure cost night Otheir competitiveness and profitability have deteriorated Their competition tolls them O None of those QUESTIONS Accending to Measure Cost Right, firms should include excess/ unused capacity costs when calculating the cost of a product or service True False QUESTION 6 Traditional costing systems use a single predetermined overhead rate True O False