Which of the following statements is FALSE?
A) Traditional costing systems generally assign only production costs to products.
B) Traditional costing systems use a single cost pool for all indirect production costs.
C) Traditional cost systems work well with simple production processes.
D) Traditional cost systems allocate a cost pool to cost objects using multiple cost drivers.
D
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In applying the simplex solution procedure to a minimization problem to determine which variable enters the solution mix,
A) pick the one with the most positive Cj - Zj. B) pick the one with the largest Cj. C) pick the one with the smallest Zj. D) pick the one with the most negative Cj - Zj. E) pick the smallest nonnegative number formed by dividing each amount in the quantity column by the appropriate column at the exiting variable.