Indicate whether the following statements are true or false. (a) the reasoning behind abc cost allocation is that products consume activities and activities consume resources. (b) activity-based costing is an approach for allocating direct labor to products. (c) in today’s increasingly automated environment, direct labor is never an appropriate basis for allocating costs to products. (d) a cost driver is any factor or activity that has a direct cause-effect relationship with resources consumed. (e) activity-based costing segregates overhead into various cost pools in an effort to provide more accurate cost information.