Credit counselors are aware that most people who are in debt over their heads are: Multiple Choice criminals who take advantage of creditors. living in poverty-stricken areas. expected to declare Chapter 11 bankruptcy. not college educated. basically honest people.

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