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1. Consider the following statements regarding traditional costing systems: 1. Overhead costs are applied to products on the

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3rd option. I and III
Following statements are true.
I. Overhead costs are applied to products on the basis of volume-related measures
III. Traditional costing systems tend to distort unit manufacturing costs when numerous goods are made that have widely varying production requirements
All manufacturing costs are not easily traceable to the goods produced.
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