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Which of the following statements about cost drivers in ABC systems is FALSE? 1. cost driver...

Which of the following statements about cost drivers in ABC systems is FALSE?

1. cost driver for a cost pool should have a cause and effect relationship to the costs in the pool

2. the cost drivers should be duration drivers

3. 100% correlation between the cost driver activity and the variation in the cost is not necessary

4. the cost driver activities can be quantified

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