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Which of the following statements associated with traditional overhead allocation is true? 1)A traditional overhead allocation method is the most accurate in automated environments with

Which of the following statements associated with traditional overhead allocation is true? 1)A traditional overhead allocation method is the most accurate in automated environments with diverse products. 2)A traditional overhead allocation method can also be referred to as activity-based costing. 3)A traditional overhead allocation method provides the most accurate product cost information. 4)A traditional overhead allocation method usually uses one or two volume-based cost drivers

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