Traditional costing systems generally assign only production costs to products.

Name: Traditional costing systems generally assign only production costs to products.
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Question

Quizplus · Accepted Answer

Traditional costing systems allocate only production costs such as direct materials, direct labor, and manufacturing overhead to products. They do not consider other expenses such as selling, administrative, or research and development costs, which can result in inaccurate product costs.

Traditional Costing Systems Generally Assign Only Production Costs to Products