Please review the below subject and answer the questions below and support your answer with referencing and text citations (highly recommended)

In cost accounting, direct costs are easily and economically traced to cost objects. On the other hand, overheads cannot be economically traced to cost objects. Therefore, allocating overheads is considered as the main problem in cost accounting, whereas traditional methods such asthe Single plantwide factory overhead rate methodandMultiple production department factory overhead rate methodshave been used. In addition, developed methods such asActivity-based costing method (ABC)has been used to enhance the allocation of overheads to cost object.

Q.1) criticize both traditional methods and explain how isABCbeing applied to a manufacturing company?

Q.2) What are the disadvantages of theABCmethod?