What is the Consumer Price Index? a.
a measure of prices of housing and rental costs all over the country
b.
an index of prices of items used by manufacturers and retailers
c.
an index determined by measuring the price of standard goods bought by urban consumers
d.
an index of the cost of living for all U. S. consumers

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