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2) What bests describes the main advantage of an Activity Based Costing system? The quality of the accounting information improves with higher volumes of activity.

2) What bests describes the main advantage of an Activity Based Costing system?

The quality of the accounting information improves with higher volumes of activity.

It requires more participation by all production staff.

Better product costing information is generated as a result of more accurate allocation of indirect costs.

It is most useful when a firm has only one product.

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