Question: 1- Briefly describe the five (5) steps used to implement activity-based costing (ABC). What are the advantages of using ABC? State some disadvantages. 2- describe

1- Briefly describe the five (5) steps used to implement activity-based costing (ABC). What are the advantages of using ABC? State some disadvantages.

2- describe (using an example, a company that operates where you live) what type of overhead cost allocation system you think would best serve their business needs.

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