The April 1998 issue of Management Accounting includes an article by Kip R. Krumwiede entitled "ABC: Why It's Tried and How It Succeeds."

Instructions
Read the article and answer the following questions.
(a ) What is the adoption and implementation status of ABC according to the survey conducted in 1996 b\ the Cost Management Group of the Institute of Management Accountants

(b) What did Krumwiedes survey attempt to determine?

(c) In Krumwiedes survey, what factors appeared to separate those companies that adopted ABC from those that did not adopt ABC?

(d) Identify at least five "Basic ABC Implementation Tips" recommended in the article.