1. Which of the following statements are false regarding Activity-Based Costing?

a) transitioning from traditional costing methods to activity-based costing is a relatively simple process that most companies complete quickly

b) costs are allocated based on pre-determinded overhead rate for each cost pool

c) non-manufacturing costs are important to include when calculating the cost of each product

d) activity-based costing results in the same amount of total overhead applied than under traditional costing methods.

e) none of the above