Which One of the Following Statements About Activity Based Costing

Which one of the following statements about Activity Based Costing (ABC) is correct? ABC:

A) has the advantage of being much cheaper to implement than other costing systems
B) has been in use in advanced industrial economies for over a century
C) takes into account the effects of activities that actually occur during the production process
D) is a relatively old-fashioned system that is gradually being replaced by new methods of absorption costing