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There are eight questions, the first seven in the picture and the last in the next text.

Q8.Which of the following statements is true of a simple costing system?

a.

A simple costing system assumes that all costs are variable.

b.

In a simple costing system, costs of activities are used to assign costs to other cost objects such as products or services based on the activities the products or services consume.

c.
d.

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