Which of the following statements are true?
A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs.
Job-order costing systems often use allocation bases that do not reflect how jobs actually use overhead resources.
An employee time ticket is an hour-by-hour summary of the employee’s activities throughout the day.
Only statement I is true.
Statements I and II are true.
Statements II and III are true.
All of the statements are true.
Your Opinion
Quick Reply
