Which of the following statements are true?
I. Activity based costing ABC can only be applied to service industries.
II Many service applications involve high fixed costs and the higher the number of cost units produced, the higher the fixed costs per unit.
tableAI onlyBII onlyCBoth I and IIDNeither I nor II
A company is developing a new product which has required market research of $ It is estimaled that the product will provide revenue of $ during the following year with variable costs of $ and fixed costs of $
Which of the following costs are not relevant to a decision as to whether to produce this product?
tableA$
