Sam snead has formulated the following list of statements about contemporary developments in managerial accounting.

1. just in time processing results in a push approach; tgat is raw materials are pushed through each process.

2. a major advantage of avtivity-based costing is that it uses a single unit-level basis such as direct labor or machine hours to allocate overhead.

3. a primary benefit if activity-based costing is more accurate and meaningful product costing.

identify wach statement as true or false. If false, indicate how to correct the statement to make it true.