For what reason$/$s is activity$-$based costing regarded as an improvement on traditional absorption costing? Statement $1$: recognises the factors that drive costs. Statement $2$: addresses all overheads. Statement $3$: improves the quality of the costing process.

a$.$

Statements $1$ and $2$

b$.$

Statements $2$ and $3$

c$.$

Statements $1,2$ and $3$

d$.$

Statements $1$ and $3$