Reference:

Gupta, Mahesh, and Karen Galloway. "Activity-based costing/management and its implications for operations management." Technovation 23, no. 2 (2003): 131-138.

* don't use other references *

Question:

1. Explain the concept that holds that the costing method traditional use of a single driver is inaccurate and misleading in assignment of indirect costs to products. 2. Give an analysis by giving examples of opinions that states that ABC and ABM can support effective decision-making processes in 6 operating processes in a business entity. 3. Changes in the environment make management no longer focus on profitability and competition but on how the company increases value for its customers and also improves operating efficiency. Do you agree with that statement? Provide an analysis of your answer.