Question: Describe activity based costing. a. Give two examples where activity based costing is preferable over traditional costing. b. How is activity-based costing useful for decision

Describe activity based costing. a. Give two examples where activity based costing is preferable over traditional costing. b. How is activity-based costing useful for decision making? c. Discuss the three overhead rate methods used in activity-based costing and consider their relative usefulness.

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