Question: Activity-based budgeting is a budget system based on expected activities. (1) Describe activity-based budgeting, and explain its preparation of budgets. (2) How does activity-based budgeting

Activity-based budgeting is a budget system based on expected activities.
(1) Describe activity-based budgeting, and explain its preparation of budgets.
(2) How does activity-based budgeting differ from traditional budgeting?

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