On the board of directors of a corporation, an outside director is a director who is not also an

The absorption-cost approach is used by most companies for all of the following reasons except that

a) absorption cost provides the most defensible bases for justifying prices to interested parties. b) basing prices on only variable costs could encourage managers to set too low a price to boost sales. c) this approach is more consistent with cost-volume-profit analysis. d) absorption cost information is readily provided by a company's cost accounting system.

Traditional costing systems employ multiple allocation rates for manufacturing overhead costs, but an activity-based costing system uses only one rate for allocating manufacturing overhead costs

Indicate whether the statement is true or false