Which of the following statements best defines the first-stage allocation process in activity-based costing? First-stage allocation is the process by which activity rates are used to allocate overhead costs to cost objects such as products and customers. First-stage allocation is the processes by which overhead costs are allocated to activity cost pools such as batch setups and product design. First-stage allocation is the process by which activity measures are used to allocate overhead costs to cost objects such as products and customers. First-stage allocation is the processes by which overhead costs are allocated to activity cost measures such as batch setups and product design. Which of the following statements best defines the second-stage allocation process in activity-based costing? Second-stage allocation is the process by which activity measures are used to allocate overhead costs to cost objects such as products and customers. Second-stage allocation is the processes by which overhead costs are allocated to activity cost measures such as batch setups and product design. Second-stage allocation is the processes by which overhead costs are allocated to activity cost pools such as batch setups and product design. Second-stage allocation is the process by which activity rates are used to allocate overhead costs to cost objects such as products and customers