Under normal conditions (70% probability), plan a will produce $20,000 higher return than plan b. under tight money conditions (30% probability), plan a will produce $100,000 less than plan b. what is the expected value of returns?
a. ($16,000)
b. ($2,000)
c. $28,000
d. $58,000

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