How does activity$-$based costing $($ABC$)$ differ from traditional costing methods in product costing?

ABC assigns manufacturing overhead costs to products in proportion to their use of direct labor hours, reflecting more accurate manufacturing complexity

ABC allocates overhead costs based on the actual activities that contribute to overhead, providing a more precise measure of resource utilization

ABC simplifies cost allocation by distributing overhead evenly across all units produced, regardless of the actual consumption of resources

ABC focuses on direct materials and labor costs