Answer the following questions based on activity-based costing (ABC):

ABC can only be used in a job-costing system.

True

False

Batch-level activities are one level within the ABC cost hierarchy.

True

False

ABC is beneficial for companies at high risk of cost distortion because it allocates overhead based on the resources used by each product, and the extent to which they use them.

True

False

ABC uses only one cost driver when allocating overhead.

True

False