$2.$ A sign that a company should consider switching from a traditional overhead costing system to an activity$-$based costing system is:

Group of answer choices

when only one product is manufactured

all of the listed statements are true

when competitor prices are similar

when production managers do not rely on the company's cost accounting data

$1.$ Activity$-$based costing defines an "activity" as:

Group of answer choices

any factor that has a direct correlation with the resources consumed

an extraterrestrial encounter

a Starbucks run

any event that causes an overhead cost to be incurred in producing a product