All of the statements regarding activity-based costing are correct except:
A)it provides better information for decision-making.
B)it provides more accurate product costs.
C)it is used by the majority of businesses in Australia.
D)it is costlier than alternative systems.

Question

Quizplus · Accepted Answer

Activity-based costing is not necessarily used by the majority of businesses in Australia. The other statements are correct; it provides better information for decision-making, more accurate product costs, and is generally costlier than alternative systems.

All of the Statements Regarding Activity-Based Costing Are Correct Except