Chapter 4 - Traditional Costing vs. Activity Based Costing At 42 42 Chapter 4 - Traditional Costing vs. Activity Based Costing Please read chapter 4 of the textbook and watch video below and write a three to four paragraphs summarizing the contents of the chapter and video. Also, please reply to the posts of at least three other students. Your replies should be at least two paragraphs each. In your posts you might want to discuss how Overhead is applied in traditional systems, What is ABC as used in Overhead cost calculations and applications. Why do companies use ABC instead of Traditional systems. How are over applied and under applied overhead handled. Also, it will be good if you use examples. Managerial Accounting - Traditional Costing & Activity Based Costing (ABC)