See the question below:

Question 3 (17.5 marks): Answer True (T) or False (F) for the following statements: (a) The traditional cost system tends to under-cost high volume products and over-cost low volume products. Answer: (b) In ABC, you can have as many Cost Driver Rates as you have the number of indirect activities. Answer: (c) It is appropriate for a company which manufactures more than one product to use units of production as the basis for absorbing its overhead costs and as the basis to calculate its OAR (Overhead Absorption Rate). Answer: (d) Duration drivers are less accurate than transaction drivers. Answer: (e) The margin of safety is the additional number of units the company must sell in order to break-even. Answer: (f) The CVP model assumes volume is the only factor affecting costs and revenue, that is all other variables will remain constant at the same time. Answer: (g) The CVP model can be applied to an accounting period during which the firm's production is not equal to its sales. Answer: 5