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What are the pros and cons of utilizing activity-based costing vs. traditional costing? Both methods are allowed under GAAP, yet most manufacturing companies do not

What are the pros and cons of utilizing activity-based costing vs. traditional costing? Both methods are allowed under GAAP, yet most manufacturing companies do not use activity-based costing. If activity-based costing is a superior costing method what reasons would a company have for not using activity-based costing?

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