Which of the following types of income is often referred to as passive income? a) Sales from a t-shirts sold at a retail store b) Fundraising event for a nonprofit c) Profits made from a carwash business d) Interest made from a business saving account

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