Which of the following statements is true? O The first step in activity-based costing is to...

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Which of the following statements is true? O The first step in activity-based costing is to assign overhead costs to products using cost drivers ABC usually results in less appropriate management decisions O Traditional costing systems use multiple predetermined overhead rates O Activity-based costing allocates overhead to multiple activity cost pools and assigns the cost pools to products using cost drivers Which of the following statements is true? O The first step in activity-based costing is to assign overhead costs to products using cost drivers ABC usually results in less appropriate management decisions O Traditional costing systems use multiple predetermined overhead rates O Activity-based costing allocates overhead to multiple activity cost pools and assigns the cost pools to products using cost drivers