4.) Identify and explain two advantages and two limitations of activity-based costing. 5. There are four types of Activity Levels in an Activity Based Costing (ABC) system. Name and describe and give examples of the four types of activity levels. Identify the three activities that Smart Electronics used in their ABC system and classify each in the activity level they represent. 6. The use of activity-based costing (ABC) normally results in? 100%