Which of the following statements is true Activity based costing can only be used in manufacturing companies a O Activity based costing (ABC) cannot be used for external reporting bO A company can either choose Activity-based costing (ABC) or the traditional costing system to allocate its cO .costs for external reporting None of the given answers is correct d O Traditional costing cannot be used for internal reporting e O

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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?Which of the following statements is true
Activity based costing can only be used in manufacturing companies
Activity based costing (ABC) cannot be used for external reporting b O
A company can either choose Activity-based costing (ABC) or the traditional costing system to allocate its
.c O
.costs for external reporting
.None of the given answers is correct d O
Traditional costing cannot be used for internal reporting e O
Transcribed Image Text:?Which of the following statements is true Activity based costing can only be used in manufacturing companies Activity based costing (ABC) cannot be used for external reporting b O A company can either choose Activity-based costing (ABC) or the traditional costing system to allocate its .c O .costs for external reporting .None of the given answers is correct d O Traditional costing cannot be used for internal reporting e O
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