Accounting · Management Accounting
The following statements have been made about Activity-Based Costing (ABC): 1. Introducing ABC will always reduce costs in the short term. 2. If the cost of a product or service using both ABC and absorption costing is the same, there will be no benefit to be gained from adopting ABC. Which of the statements is/are correct?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Both 1 and 2
- 2Neither 1 nor 2✓
- 32 only
- 41 only
Correct answer
Neither 1 nor 2
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