A firm's formal reporting structure, its formal and informal planning and its controlling and coordinating systems are examples of which type of resources?

Which of the following statements about activity based costing (ABC) is most correct?

a. It uses a top down approach to cost allocation. b. It is most useful for assigning costs to departments. c. It is most useful for assigning costs to individual services. d. It is easy to apply because it ignores overhead costs. e. It is less costly to implement than traditional costing methods.

A company should decide to process its product further if the additional processing generates higher sales revenues

Indicate whether the statement is true or false