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1.Explain how activity-based costing systems can provide more accurate product costs than traditional cost systems. 3. Explain how a top-selling product may actually result in

1.Explain how activity-based costing systems can provide more accurate product costs than traditional cost systems.

3. Explain how a top-selling product may actually result in losses for the company.

6.What are the factors that are causing many companies to refine their costing systems to obtain more accurate measures of the costs of their products?

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