Conroe Company is reviewing the data provided by its management accounting system. Which of the following statements$$ is$/$are correct?

I.

A cost driver is a causal factor that increases the total cost of a cost object.

II$.$

Cost drivers may be volume based or activity based.

III.

Cost drivers are normally the largest cost in the manufacturing process.

Question content area bottom

Part $1$

$1.$

II and III only are correct.

$2.$

I only is correct.

$3.$

I and II only are correct.

$4.$

$$I$,$ II$,$ and III are correct.