Question: which statement about costing systems is true? Due to technology and mass production, labour related allocation bases are sometimes considered arbitrary. Traditional costing systems use

which statement about costing systems is true? Due to technology and mass production, labour related allocation bases are sometimes considered arbitrary. Traditional costing systems use a three stage cost allocation process. Labour related allocation bases should never be used in service organisations. Activity-based costing does not use machine hours or other volume-based allocation bases.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!