Question: (a) Activity-Based Costing (ABC) has drawn criticism such as that it is extremely time- consuming, the need to employ consultants to design and study the

(a) Activity-Based Costing (ABC) has drawn criticism such as that it is extremely time- consuming, the need to employ consultants to design and study the approach in-house (which is a cost), and it is easy to overlook some activities and costs associated with it. Despite such criticisms, many companies use ABC method in their Management Accounting module in the ERP system. Argue this point.

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