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Q. |
In the situation stated in the question above, the company’s net income based on a production volume based system will tend to be ________ relative to net income based on an activity based costing system. |
A. | Overstated. |
B. | Understated. |
C. | Overstated for the low volume product and understated for the high volume product. |
D. | b and d. |
Answer» D. b and d. |
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