Indicate whether the following statements are true or false. (a) The reasoning behind ABC cost allocation is that products consume activities and activities (b) Activity-based costing is an approach for allocating direct labor to products. (c) In today's increasingly automated environment, direct labor is never an appropriate basis (d) A cost driver is any factor or activity that has a direct cause-effect relationship with (e) Activity-based costing segregates overhead into various cost pools in an effort to provide consume resources. for allocating costs to products. resources consumed more accurate cost information