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Which of the following statements about time-driven activity-based costing (TDABC) is/are likely to be true 1. TDABC uses time as the allocation base for indirect costs 2. To determine the amount of indirect cost that needs to be allocated to each product/service, TDABC simplifies this process by only requiring the organisation to keep track of the activity cost per minute for each activity. 3. TDABC is suitable to allocate all indirect cost items incurred by a company Statement 1 only Statement 2 only Statement 3 only Statement 1 and 2 only Statement 2 and 3 only