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Please discuss the difference between activity-based costing system and traditional costing system. 5 points Please define the Break-even point (BEP) and discuss the application of

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Please discuss the difference between activity-based costing system and traditional costing system. 5 points Please define the Break-even point (BEP) and discuss the application of BEP in business. 5 points Please discuss what budgeting means and why budgeting is an important function in business operations

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