Which of the following statements is true with regard to activity-based costing? Multiple Choice The basic principle underlying activity-based costing is that activities are what cause overhead cost to be incurred. Activity-based costing rates are the same as departmental overhead rates Activity rates are computed by dividing budgeted activity usage by budgeted activity cost Activity-based costing often results in low-volume complex products being undercosted, and high-volume simpler products being overcosted All cost drivers used to determine the retes will be unit-level drivers