Activity$-$Based Costing $($ABC$)$ has been a revolutionary approach in managerial accounting, offering nuanced insights into the true cost of products and services. Despite its benefits, the adoption and application of ABC vary significantly across different industries. This discussion prompts you to explore and debate the relevance and application of ABC in contrasting industry contexts.

Discussion and Debate: Formulate a position on the following statement and defend it with arguments and examples from your analysis: "The flexibility and detailed granularity of ABC make it universally applicable and beneficial across all industries, regardless of their operational context and market dynamics."

Task Instructions:

Industry Selection: Choose two distinct industries for analysis$$one considered traditional $($e$.$g$.,$ manufacturing$)$ and the other modern or emerging $($e$.$g$.,$ tech startups, green energy$).$ Briefly describe each industry.

Activity Identification and Cost Pools: Based on the principles outlined in Chapter $7,$ identify three potential activity cost pools you might encounter in each industry. Discuss why these activities are significant and how they might differ between the two industries.

Cost Drivers Analysis: For each identified activity cost pool, suggest plausible cost drivers in both industries. How do these drivers reflect the operational dynamics and strategic imperatives of each industry?

Impact and Strategic Insights: Reflect on how the implementation of ABC could impact decision$-$making and profitability in each industry. What strategic insights could ABC provide that traditional costing methods might overlook?