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1. Which of the following statements is true regarding activity based costing (ABC)? . It is based on the concept that a single cost driver

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1. Which of the following statements is true regarding activity based costing (ABC)? . It is based on the concept that a single cost driver can drive all overhead costs. It is based on the concept that activities drive overhead costs. *** It is based on the concept that unit-level costs drive all overhead costs. . It is based on the concept that either the number of direct labor or machine hours incurred drives all overhead costs. upw>

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