Help Which of the following statements is correct? Multiple Choice Activity based management seeks to eliminate waste by allocating costs to products that waste resources Activity based costing involves a two-stage allocation process in which overhead costs are first assigned to departments and then to jobs on the basis of direct labor hours In activity-based costing a separate activity rate se predetermined overhead rate) is computed for each activity cost pool by dividing the estimated overhead cost in the activity cost pool by the total expected activity for the activity cost pool Managing and sustaining product diversity requires many more overhead resources such as production schedulers and product design engineers. The costs of these resources can be accurately allocated to products on the basis of direct labor