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Berkshire Hathaway Inc. operates in various industries and holds a diverse portfolio of businesses. Discuss how Berkshire Hathaway allocates its overhead costs across different business

Berkshire Hathaway Inc. operates in various industries and holds a diverse portfolio of businesses. Discuss how Berkshire Hathaway allocates its overhead costs across different business segments. Evaluate the advantages and disadvantages of using activity-based costing (ABC) in a conglomerate like Berkshire Hathaway. Provide examples of cost drivers for each business segment and assess their effectiveness in cost management.

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