Which of the following statements in relation to time-driven activity-based costing (TDABC) are correct?

I. Time equations may be used for changing the complexity of transactions instead of separate activity classification to simplify the system.

II. TDABC generates a geometric expansion of available data which allows for higher levels of complexity within activities.

III. TDABC does not allocate idle time to activities, providing a more accurate result than traditional ABC.

A. I and II only

B. I and III only

C. II and III only

D. I, II and III

Additional Information

This kind of question belongs to Operations Management and the question is about time-driven activity-based costing.