Explore Westonci.ca, the top Q&A platform where your questions are answered by professionals and enthusiasts alike. Our Q&A platform offers a seamless experience for finding reliable answers from experts in various disciplines. Get immediate and reliable solutions to your questions from a community of experienced professionals on our platform.

Which of the following statements is true concerning activity-based costing (ABC)?
a. It focuses on managing direct materials costs.
b. It uses a separate cost driver for each activity or pool of activities.
c. It is similar to traditional costing.
d. Activity-based costing involves determining the cost pool rate.