Question: Referring to Exhibit 8.3. explain the concept of two dimensional activity-based costing. Are the activities in a simple activity-based product costing system likely to be

Referring to Exhibit 8.3. explain the concept of two dimensional activity-based costing. Are the activities in a simple activity-based product costing system likely to be useful for activity management? Explain your answer.
Exhibit 8.3

COSTING VIEW RESOURCES (i.e. costs) Step one Resource drivers Root cause ACTIVITY Performance ACTIVITIES MANAGEMENT VIEW cost drivers measures Activity drivers Step two COST OBJECTS (e.g. products)

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