Question 22 (2 points) Target costing is a method of setting prices that combines market-based pricing with a cost-reduction emphasis. True False Question 23 (2 points) Which of the following is associated with Activity-Based Costing (ABC)? ABC measures the physical usage for each activity. O ABC uses multiple factory overhead rates based on activities. O ABC identifies and traces costs to activities and then to specific products. All of the above. Question 24 (2 points) Using an inappropriate factory overhead allocation method can lead to distorted product cost. True False