Indicate whether each of the following statements is true or false.Eliminating a batch of work eliminates both batch-level and product-level costs.?____Increasing the number of units in a batch increases batch-level costs.?____Product-level costs are incurred to support specific products or services.?____Some inventory management costs and engineering design costs are product-level costs.?____Personnel administration and insurance are examples of facility-level costs.?____
What will be an ideal response?
| Eliminating a batch of work eliminates both batch-level and product-level costs. | F |
| Increasing the number of units in a batch increases batch-level costs. | F |
| Product-level costs are incurred to support specific products or services. | T |
| Some inventory management costs and engineering design costs are product-level costs. | T |
| Personnel administration and insurance are examples of facility-level costs. | T |
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