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Please answer the question below : Explain and discuss the following questions by PARAPHRASING: 1. What does it mean by process costing and how it

Please answer the question below :

Explain and discuss the following questions by PARAPHRASING:

1. What does it mean by process costing and how it differs from activity based-costing?

2. In what circumstances that process costing is more suitable compared to other costing methods?

3. Does activity based-costing is only applicable in manufacturing businesses?

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