Which one of the following statement is true? Most organizations that use ABC have two costing systems the official costine wystem, which is used to prepare external financial reports, and the AB decision making and for managing activities. 1. When combining activities in an activity based costing system, activities should be grouped together at the same level. For example, batch-level act unit-level activities Unit-level activities arise as a result of the total volume of production and are performed each time a unit is produced Clav. Activity-based costing uses a number of activity cost pools, each of which is allocated to products on the basis of direct labour hours CV. The first stage allocation in activity based costing is the process by which overhead costs are assigned to products before they are assigned to cust M. Activity rates in activity-based costing are computed by dividing costs from the first stage allocations by the activity measure for each activity cost VII. In the second stage allocation in activity based casting, activity rates are used to apply costs to products, customers, and other cost objects, VII. An activity based costing system is generally easier to set up and run than a traditional cost system, DIX Activity based costing is a costing method that is designed to provide managers with cost information for strategic and other decisions that potenti DX in activity based costing, as in traditional costing wstems, non manufacturing costs are not assigned to products