Which of the following is true of the features and characteristics approach to product costing?
A)It focuses only on total quality and zero-defects.
B)It recognizes that differences in features and characteristics of product components cause cost differences.
C)It is designed to add value through waste reduction.
D)It focuses on pursuing perfection in product costing and making value flow without interruptions.

Question

Quizplus · Accepted Answer

The features and characteristics approach to product costing recognizes that differences in features and characteristics of product components cause cost differences. It takes into account the specific features and characteristics of each component to better understand their impact on product costs. Options A, C, and D are incorrect because they do not accurately describe this approach to product costing.

Which of the Following Is True of the Features and Characteristics