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Describe the Activity-Based Costing method in the context of: 1. Characteristics, features and challenges; and 2. Application within service industries. (50 + 50 = 100

Describe the Activity-Based Costing method in the context of:

1. Characteristics, features and challenges; and

2. Application within service industries.

(50 + 50 = 100 marks)

Word limit: 1000 words

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