Which of the following is NOT considered typical problems of the traditional costing approach as compared to Activity-Based Costing (ABC)? O Over-reliance on the volume-based allocation of overhead costs Inadequate effort to keep track of direct materials and direct labor costs O Overly simplified overhead allocation process Using only one or two plant-wide overhead rates Which of the following statements about ABC is LEAST likely to be true? O In ABC, it is typical to use multiple overhead or activity rates for overhead allocation. O ABC would be more beneficial when a company's overhead cost structure is complex and large in size. O ABC is mainly designed to provide cost information for external reporting, such as financial statement preparation based on GAAP. In ABC, non-manufacturing costs, such as customer service costs. may be assigned to goods and services while this is prohibited when preparing financial statements for external users