Question: Many companies recognize that their cost systems are inadequate for todays global market. Managers in companies selling multiple products are making important product decisions based

Many companies recognize that their cost systems are inadequate for today’s global market. Managers in companies selling multiple products are making important product decisions based on distorted cost information. Most systems of the past were designed to focus on inventory valuation. If management should decide to implement an activity-based costing system, what benefits should they expect?

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