4. Please label the following statements as True or False. You may use T or F. ABC refers to activity based costing. For 1 point apiece a. A simplified explanation of ABC is that it attempts to divide production into its core activities, define the costs for those activities, and then allocate those costs to products based on how much of a particular activity is needed to produce a product. T or F b. ABC maintains the traditional division between product and period costs. T or F c. ABC charges products with the costs of manufacturing and nonmanufacturing activities, and some manufacturing costs are not attached to products. Tor F