Which of the following is not a step involved in activity-based costing? Select one: a. Determine how to reduce the costs of making products by cutting activities. b. Assign costs to products by multiplying the cost driver rate by the volume of cost driver units consumed by the product. c. Identify the activities that consume resources and assign costs to those activities. d. none of the given answer. e. Compute a cost rate per cost driver unit or transaction. Which of the following statements is false? Select one: a. According to responsibility accounting, a manager should be held responsible for those items-and only those items-that the manager can actually control to a significant extent. b. Budgeting forces managers to think about and plan for the future. c. One benefit of following a well-designed budgeting processis a guarantee of future profits d. Budgeted cash collections typically consist of collections on sales made to customers in prior periods plus collections on sales made in the current budget period. e. Budgets helps uncover potential bottlenecks.