Question: Define Activity-based costing (ABC) systems. What benefits does implementing an ABC system bring to the company? Read the following article: Rethinking Activity-Based Costing and answer

Define Activity-based costing (ABC) systems. What benefits does implementing an ABC system bring to the company? Read the following article: "Rethinking Activity-Based Costing" and answer these questions: Do you agree or disagree with the analysis of the ABC drawbacks expressed in the article? Would the proposed changes make ABC a universally applicable costing method? Why or why not?

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