(a) Referring to your answers in the Longley Corporation Ltd question, discuss the differences in the product...
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Question:
(a) Referring to your answers in the Longley Corporation Ltd question, discuss the differences in the product costs (for products A-D) under the two alternative costing systems i.e. the traditional costing approach and activity based costing (ABC). What are the differences attributed to? How is the viability of the four products affected if ABC is introduced and what are the implications for Longley Corporation Ltd?
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