Question 57 C All of the following is true regarding activity-based costing except for: O Different departments use different amounts of overhead ABC Costing should be used when companies face little competition. Different jobs or products incur overhead charges differently Companies that use ABC Costing can better understand how their costs are derived. Question 41 1 pts Standards are used to prepare the flexible budgets, True False Question 42 1 pts Which of the following is not a benefit of standard costing: Provides a means of evaluating performance of employees Provides motivation for employees to adhere to standards Results in more volatile product costs Allows managers to use management by exception