'Direct costs are treated differently under the ABC method than under the traditional full costing method.' Is the above statement true or false? A. True B. False Consider the following statements concerning activity-based costing. 1. Cost pools are linked to particular cost centres. 2. Total costs in a cost pool are charged to output using the relevant Which of these statements is/are correct? A. 1 and 2 B. 2 only C. 1 only D. Neither 1 nor 2 Kaizen costing is closely linked to: A. benchmarking B. total quality management C. activity-based costing D. total life-cycle costing Activity-based costing (ABC) only differs from traditional costing in the manner in which it treats which one of the following? A. Employees B. Overheads C. Inventories D. Working capital costing is seen as part of the total life-cycle costing approach, in that cost savings are sought at a very early stage in the life-cycle, during the pre-production phase. A. Activity-based B. Target C. Kaizen D. Marginal