If the government removes a binding price floor from a market, then the price received by sellers will Group of answer choices increase, and the quantity sold in the market will increase. decrease, and the quantity sold in the market will decrease. decrease, and the quantity sold in the market will increase. increase, and the quantity sold in the market will decrease.

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