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Which of the following statement(s) regarding activity-based costing is (are) true? I. Use of activity-based...

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Accounting

Which of the following statement(s) regarding activity-based costing is (are) true? I. Use of activity-based costing improves cost tracing by using more cause-and-effect relationship to assign indirect costs to activity centers. II. An activity-based system is characterized by multiple cost pools and multiple volume and activity cost drivers. III. Activity-based costing can cause distortion of cost, assigning too much cost to some products and too little to others.

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