Question: Explain and respond to the statement below. a. The difference between simple costing and activity-based costing b. ABC system can be used both in service

Explain and respond to the statement below. a. The difference between simple costing and activity-based costing b. ABC system can be used both in service and manufacturing companies c. Every company should use ABC rather than simple costing d. Cost and benefit of implementing activity-based costing.

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