All of the following statements are correct EXCEPT that
A)activity-based costing has been widely adopted in service industries.
B)the objective of installing ABC in service firms is different than it is in a manufacturing firm.
C)a larger proportion of overhead costs are company-wide costs in service industries.
D)the general approach to identifying activities and activity cost pools is the same in a service company as in a manufacturing company.

Question

Quizplus · Accepted Answer

The objective of installing ABC in service firms is generally the same as in manufacturing firms, which is to more accurately assign costs to products or services based on the activities that generate costs.

All of the Following Statements Are Correct EXCEPT That