There is a saying, It is better to be approximately right than precisely wrong. Discuss how that

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There is a saying, “It is better to be approximately right than precisely wrong.” Discuss how that saying could be applied to ABC if a company uses the wrong assignment of costs and drivers.

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Managerial Accounting

ISBN: 9780137689453

1st Edition

Authors: Jennifer Cainas, Celina J. Jozsi, Kelly Richmond Pope

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Question Posted: Sep 03, 2023 01:02 AM

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There is a saying, It is better to be approximately right than precisely wrong. Discuss how that

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The allocation of indirect costs under ABC is based on estimates as to how much of the activities wi...View the full answer

Managerial Accounting

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