Indicate whether each of the following statements is true or false. ____

In an automated environment, use of a volume-based cost driver may undercost high-volume products.

Activity-based costing always delivers significantly more accurate cost allocation than does volume-based costing.

In an automated environment, an activity-based cost driver would provide for more accurate allocation of set-up costs than would a volume-based cost driver. ____

Activity-based costing is probably not cost beneficial for a company that makes very similar products.