XYA company produces two products P and Q . They apply overhead on the basis of labour hours. P is a simple high-volume product and Q is both a complex low-volume product. What would an costing system likely disclose about products P and Q as a result of XYA's current accounting procedures?
A. Undercosted Undercosted
B. Undercosted Overcosted
C. Overcosted Undercosted
D. Overcosted Overcosted
E. Costed correctly Costed correctly

Answer rating: 100% (QA)

C Overcosted Undercosted Explainatio... View the full answer