Company XYZ manufactures multiple products and uses traditional costing methods. However, management believes that ABC would provide more accurate product costs. Implement ABC costing and answer the following:

• Requirement 1: Identify and classify overhead costs into activity cost pools.
• Requirement 2: Allocate overhead costs to products using activity drivers.
• Requirement 3: Discuss the advantages of ABC costing over traditional costing methods and provide recommendations for implementing ABC in the company.