Which of the following statements is/are true?
i. Both traditional cost systems and ABC focus on resources supplied.
ii. Plant and equipment is an example of a committed resource under an ABC system.
iii. Committed resources always equal resources used.
A) i
B) ii
C) iii
D) ii and iii

Question

Quizplus · Accepted Answer

Plant and equipment is considered a committed resource under an ABC system because it represents a long-term investment that cannot be easily adjusted. Traditional cost systems and ABC do not both focus on resources supplied, and committed resources do not always equal resources used.

Which of the Following Statements Is/are True