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Which of the following is not true regarding activity-based costing (ABC) systems? ABC can provide more accurate product costs. ABC identifies more costs as indirect

Which of the following is not true regarding activity-based costing (ABC) systems?

ABC can provide more accurate product costs.

ABC identifies more costs as indirect costs than do traditional volume-based systems.

ABC is likely to be more time-consuming than volume-based systems.

ABC is used in both manufacturing and non-manufacturing companies.

ABC is likely to have more overhead rates than volume-based systems.

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