ALSO SHOW THE CALCULATIONS

Which of the following statements are true?

1. A cost driver is a factor, such as machine-hours, beds occupied, computer time, or flight-hours, that causes direct costs.

2. Job-order costing systems often use allocation bases that do not reflect how jobs actually use overhead resources.

3. An employee time ticket is an hour-by-hour summary of the employee's activities throughout the day.

Question 4 options:

	Only statement I is true.
	Statements I and II are true.
	Statements II and III are true.
	All of the statements are true.