It is important that the product costs reflect as much of the ...

[ereecah]

It is important that the product costs reflect as much of the diversity and complexity of the manufacturing process so that ________.
 
  A) total costs reflect market price
  B) value-added costs can be eliminated
  C) there is high likelihood of cross-subsidizing of product costs
  D) product-pricing errors are minimal

Question 2

The income summary account is also known as the clearing account.
 a. True
  b. False
 
   Indicate whether the statement is true or false

[Jayson]

Answer to Question 1

Answer: D

Answer to Question 2

True