what commentary can I say and what question can I ask Greetings Everyone, What benefits and drawbacks are there for a business that uses a Standard/Traditional Costing model? The benefits of a business that uses this model is its simple nature. Standard costing model is more easier to complete as opposed to more difficult ones. There can also be cases of a reduction in costs. With the reduction in costs, it allows you to have improvements. The drawbacks, are that there may be chance of inaccuracy, which sometimes leads to prices being over what they should or under what they should. What benefits and drawback are there for a business that uses an Activity Based Costing (ABC) model? The benefits and drawbacks for a business that uses an ABC model are the cost allocation and even drivers cost. The drawbacks in terms of data required and even the allocated costs, should be well thought out and planned thoroughly before putting into fruition. If you owned a small manufacturing business with relatively high volume and multiple product lines, would you implement an ABC model? Why? Yes, by executing a model as such could and might be beneficial under certain situations and scenarios. Depending on the resources available to your small manufacturing business and the level of complexity in your cost structure, you may need to carefully weigh the costs and benefits before deciding whether to implement an ABC model