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1. What is an advantage of labeling activities as value added or nonvalue added? Provide at least two examples. 2. How is the primary focus
1. What is an advantage of labeling activities as value added or nonvalue added? Provide at least two examples. 2. How is the primary focus of activity-based costing different from that of traditional allocation? 3. Why is it important to know the true cost for a product or service? 4. Why would managers prefer variable costing over absorption costing
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