Which of the following statements is true?

Multiple Choice

Direct cost allocations are required for the plantwide and department allocation methods.

The primary purpose of the plantwide and department allocation methods is allocating direct costs to specific pro

One of the lessons learned from activity$-$based costing $($ABC$)$ is that all costs are really a function of volume.

A problem with activity$-$based costing $(ABC)$ is that it requires more recordkeeping than other methods.