True or False. Statements about Activity Based Costing: 1/2/3/4. 2 true/ 2 false

It is the means by which direct costs can be absorbed into the cost per unit of production It attributes indirect costs to certain activities allowing them to be absorbed into the cost per unit of production on the basis of that activity It uses specific activity based drivers to determine the basis on which the cost of that activity will be allocated to individual products It is inappropriate for businesses that choose to determine the sales price of their goods through using mark- up