Determine if the following statement is true or false. A traditional costing system is required for external reporting under GAAP, and it is also the most useful system for management decisions. O True O False D Question 3 1 pts Determine if the following statement is true or false. One of the primary ways that activity based costing differs from traditional costing is that period costs that are directly attributable to a product are assigned to the product when computing a product margin. O True False