Opening a ledger account involves
a. recording the account title on the ledger page.
b. recording the account title and account number on the ledger page.
c. recording the account title, account number, and account balance on the ledger page.
d. posting the debit amount, credit amount, and source explanation to the ledger page.

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