Question: Explain conventional and activity - based costing. Your Task: 1 . When can companies consider using activity - based costing? In what situation is the

Explain conventional and activity-based costing.
Your Task:
1. When can companies consider using activity-based costing? In what situation is the activity-based costing method preferred over traditional costing systems?
2. Discuss the benefits of activity-based costing that have led an increasing number of companies to adopt the system in their costing methodology.

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