Which of the following statements is false regarding ABC costing?

An activity cost pool is a $$cost bucket$$ in which costs related to a particular activity measure are accumulated.

Each major activity has its own overhead cost pool, its own activity measure, and its own overhead rate.

A single plant$-$wide overhead rate is used to apply overhead to products.

All of the statements are false.

Statement $3$ is false.

None of the statements are false.

Statements $1$ and $2$ are false.