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Explain the differences between conventional (traditional) and Activity Based Costings (ABC) cost systems. Outline the situations which will benefit most from ABC and some of

Explain the differences between conventional (traditional) and Activity Based Costings

(ABC) cost systems. Outline the situations which will benefit most from ABC and some of the

perceived benefits of implementing ABC. Provide an example in a business on areas where

ABC can be applied and cannot be applied.

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