Most organizations that use ABC have two costing systems-the official costing system,which is used to prepare external financial reports,and the ABC system,which is used for internal decision making and for managing activities.

Question

Quizplus · Accepted Answer

This statement is true. Organizations often use both an official costing system for external financial reports and an ABC system for internal decision making and activity management.

Most Organizations That Use ABC Have Two Costing Systems-The Official