Under traditional costing systems,selling and administrative costs have been largely ignored because they:
A)are hard to quantify except at exorbitant cost of measurement.
B)have been negligible in amount relative to total costs.
C)in the past they have been inventoriable for financial reporting purposes under GAAP.
D)relate to a varied mix of products.

Question

Quizplus · Accepted Answer

Traditional costing systems have often ignored selling and administrative costs because they were considered negligible in amount compared to the total costs of production. These systems focused more on direct manufacturing costs.

Under Traditional Costing Systems,selling and Administrative Costs Have Been Largely