2. 3. 4. 5. What is meant by Cost Driver? Explain role of Cost Driver in tracing costs to products. Explain the stages in applying ABC in manufacturing company. Explain the difference between Activity-Based Costing and Traditional Costing System? What are the advantages of Activity-Based Costing? 6. What are the classification of activities? Explain it briefly. 7. What are the factors to be considered while adopting ABC