The following statements have been made about activity based costing:i. ABC recognizes that complexity of manufacturing as increased by using multiple cost driversii. ABC focuses attention on the nature of cost behaviour and attempts to provide meaningful product costsiii. The determination and use of cost drivers helps to measure and improve the efficiency and effectiveness of support departmentsiv. ABC works well with the modern manufacturing method just-in-time (JIT)Which of the above statements are correct?
A. i and ii only
B. i, iii and iv only
C. i, ii and iii only
D. ii, iii and iv only
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