There does not need to be a strong correlation between overhead costs and the cost driver to ensure accurate product costs.

Name: There does not need to be a strong correlation between overhead costs and the cost driver to ensure accurate product costs.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

There needs to be a strong correlation between overhead costs and the cost driver to ensure accurate allocation of overhead costs to products. This helps in accurately determining the product cost and pricing.

There Does Not Need to Be a Strong Correlation Between