Which of the following are indicators of an outdated costing system?
i.Products that are difficult to make have high profit margins
ii.Competitors prices appear unrealistically low.
iii.Customers are not deterred by price increases.iv.A lot of time is spent on special product cost projects.
A) i,ii and iii
B) ii,iii and iv
C) i,iii and iv
D) i,ii,iii and iv

Question

Quizplus · Accepted Answer

All the listed indicators suggest potential issues with the costing system, such as inaccurate cost allocation or inefficiencies, leading to misleading profit margins, uncompetitive pricing, and excessive time spent on special projects.

Which of the Following Are Indicators of an Outdated Costing