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Why isnt Activity Based Costing allowed follow GAAP? Gwen and John (both plumbers), were arguing about whether their job was a process or not. How

  1. Why isnt Activity Based Costing allowed follow GAAP?
  2. Gwen and John (both plumbers), were arguing about whether their job was a process or not. How should they cost their jobs? (use content from BAC221 to answer)
  3. Regarding manufacturing overhead, what is the advantage of being over- applied?
  4. When is Direct Labour expensed?

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