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Which of the following are benefits of using activity based costing? (1) It recognises that overhead costs are not always driven by the volume of

Which of the following are benefits of using activity based costing? (1) It recognises that overhead costs are not always driven by the volume of production (2) It does not result in under or over absorption of fixed overheads (3) It avoids all arbitrary cost apportionments (4) It is particularly useful in single product businesses 0 1 and 4 0 1 and 2 0 1 only 0 2 and 3

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