Intermediate Attributing direct costs and absorbing overhead costs to the product/service through an activity- based costing approach
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Intermediate
‘Attributing direct costs and absorbing overhead costs to the product/service through an activity- based costing approach will result in a better understanding of the true cost of the final output.’ (Source: a recent CIMA publication on costing in a service environment.)
You are required to explain and comment on the above statement.
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