In a normal cost system, factory overhead is assigned directly to products and services

New Zealand Air offers a family couch seating arrangement. A family couch is a row of three economy class seats that can be adjusted to form a flat flexible space. New Zealand Air's family couch is a ____________ innovation.

Fill in the blank(s) with the appropriate word(s).

A production cost report cannot be used for the pricing of products because it depicts only the ways to control product costs

Indicate whether the statement is true or false