2. The more activities tracked by activity-based costing, the more accurately overhead costs are assigned True False 3. From an ABC perspective, what causes costs to be incurred? A. Financial transactions. B. The volume of units produced. C. Debits and credits. D. Management decisions E. Activities. 4. A method of assigning overhead costs to a product using a single overhead rate is: A. Plantwide overhead rate method. B. Cost pool overhead rate method. C. Departmental overhead rate method. D. Activity-based costing. E. Overhead cost allocation method. 5. Which of the following would not be considered a product cost? A. Direct labor costs. B. Factory supervisor's salary. C. Factory line worker's salary. D. Cost accountant's salary. E. Factory insurance costs