2) Which statement is Ealse e Activity Based Continai a) AlC is an approsch for alloeating overhead cost b) The Traditional Costing System allocating of allocating overhead is a more accurate than the e AllC concepts consider the event that ineurs cost during the production or service Activity Cost Pool is any activity that has a direet cause effect relationship with the resourees consumed A) A is false a) B is fase C) C is false D) D is false a) Identifies and classifles activities and assigns overhead to cost pools. b) A cost driver measures the actual consumption of the activity by various products e) Allocate these cost to each peried of production d) Allocate these cost to each product 22) which statement is Ealseas it regards CCOSTING A) A is false B) B is false C) C is false D) D is false 23) Which statement is Falss as it regards ABC Costing a) Cost are assigned to the process total overhead ignoring produet cost. b) Activity Based Overhead Rate is calculated by dividing the Estimated Overhead per Activity by the expected use of a cost driver per activity. c) The Allocated Overhead Cost for a cost driver is allocated to each product. d) The cost driver must accurately measure the actual consumption of the activity by various products. A) A is False B) B is False C) C is False D) D is False ) Which statement is False as it regards Managerial Accounting a) Provides economie and financial information for internal users. b) Management activities and responsibilities can be classified as planning, directing and controlling e) Financial Accounting Reports are used by external users. d) Financial Accounting Reports are prepared in accordance with the accounting rules of corporation Controller. A) A is False B) B is False B) C) C is False D) D is False