Question 1 20 pts Activity based costing (chapter 5) is considered superior to the traditional overhead allocation (chapter 3) because: A. It eliminates the averaging problem of the chapter 3 method. B. It eliminates the over costing of high volume products or services inherent in the chapter 3 method. C. It recognizes that doing different also causes overhead costs to rise whereas the chapter 3 method only recognizes doing more (volume) as increasing overhead costs. D. All of the above are true E. None of the above are true Question 2 20 pts To assign manufacturing overhead costs in chapter 5 we use: A. cost drivers. B. period costs C. product costs D. All of the above E. None of the above