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Answer the following questions: a) What steps are involved in developing an activity-based costing system? b) In an automated manufacturing environment, what basis of overhead
Answer the following questions: a) What steps are involved in developing an activity-based costing system? b) In an automated manufacturing environment, what basis of overhead allocation is frequently more relevant than direct labour hours? c) What are the benefits of activity-based costing system? d) What are the two limitations of activity-based costing? e) Can activity-based costing be used in service organizations
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