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(e) Explain the term 'activity cost pool (include an appropriate illustration / example). The cost computed under the simple traditional costing and ABC are never

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(e) Explain the term 'activity cost pool (include an appropriate illustration / example). The cost computed under the simple traditional costing and ABC are never the same." Do you agree? Explain. What are the main challenges when adopting ABC / ABM and how should managers overcome these challenges? (Word limit: 500). (7 marks)

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