What is the major premise behind activity-based costing? The major premise behind activity-based...

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Accounting

What is the major premise behind activity-based costing?
The major premise behind activity-based costing is that a single cost driver is used to assign overhead.
The major premise behind activity-based costing is that it focuses on activities that occur outside of the production process.
The major premise behind activity-based costing is that each department is assigned the same rate.
The major premise behind activity-based costing is that products use activities, and activities use resources.
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