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Q. Explain the similarities and differences between job-order cost and process cost systems. Q. Differentiate between traditional costing and activity-based costing. Q. Explain the benefits

Q. Explain the similarities and differences between job-order cost and process cost systems.

Q. Differentiate between traditional costing and activity-based costing.

Q. Explain the benefits and limitations of activity-based costing.

Q. Identify activities and cost drivers.

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