Consider the following statements regarding traditional costing systems:

I. Overhead costs are applied to cost objects $($products$,$ customers, services$)$ on the basis of volume$-$related measures

II$.$ All costs, including overhead costs, can be directly traced to the cost object

III. Traditional costing systems tend to distort costs when numerous goods$/$services are made$/$provided that have widely varying consumption patterns

Which of the following statements are true?

$1.$ Consider the following statements regarding traditional costing systems:

I. Overhead costs are applied to cost objects $($products$,$ customers, services$)$ on the basis of volume$-$related measures

II$.$ All costs, including overhead costs, can be directly traced to the cost object

III. Traditional costing systems tend to distort costs when numerous goods$/$services are made$/$provided that have widely varying consumption patterns

Which of the following statements are true?

II and III

III only

II only

I only

I and III