please answer the following questions.

5. Answer True or False for the following: Activity Based Costing is NOT a more accurate allocation of manufacturing overhead than Traditional Costing. Cost drivers are activities that drive the cost to be accumulated. Traditional systems use a plant wide manufacturing allocation rate. The third step to ABC costing is to identify each activity and estimate its total indirect cost. Value Engineering includes the financial team only of a company. When calculating cost based pricing you must subtract desired profits. Target costs are $9.00 and Full Product cost is 8.50; therefore, the company has met their target cost