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Which of the statements apply to the transition

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Problem 1: Penguin Inc. managers are considering replacing the organization's traditional costing system with an activity-based costing system. Which of the following statements apply to this transition?

Option 1: The new system will have many more categories reflecting overhead costs than the original system.

Option 2: Managers perceive a need for more accurate cost information.

Option 3: Current overhead estimates are sufficient to facilitate and influence decisions.

Option 4: Managers perceive a need for more accurate direct materials and direct labor information.

Reference no: EM132967679

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