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In his new employee orientation training, Preston heard his new accounting supervisor, explain, At Fitzgerald Industries, we do not use traditional cost accounting. Rather,

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In his new employee orientation training, Preston heard his new accounting supervisor, explain, "At Fitzgerald Industries, we do not use traditional cost accounting. Rather, we use activity-based costing, or ABC. According to ABC, we costs according to what our empioyees do, rather than what the company spends."
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