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What exactly is Activity Based Costing? Why do we need it, or for that matter, do we even need it? What is the cash budget?

What exactly is Activity Based Costing? Why do we need it, or for that matter, do we even need it?

What is the cash budget? Isnt the cash budget just a budget that is used to record cash instead of accruals? Do we need to have one? Otherwise we could just do an accrual budget and forget about the cash budget?

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