Activity-based costing is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products.

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Activity-based costing (ABC) is a technique used by managerial accountants to assign product costs based on links between activities that drive costs and the production of specific products. Therefore, the statement is true.

Activity-Based Costing Is a Technique Used by Managerial Accountants to Assign