Matt plans to open a convenience store. the startup cost is approximately $10,000. since matt has only $2,500 with him, he decides to invite two of his friends—brett and brian—to join him in this venture. in this scenario, who should be in charge of writing the business plan?

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above