Question: List the activity-based costing steps and explain how this is different from the traditional cost allocation systems. Compare and contrast a traditional (master) budget with

List the activity-based costing steps and explain how this is different from the traditional cost allocation systems.

Compare and contrast a traditional (master) budget with an activity-based budget. Identify the most useful budget for your cost object, and explain why you believe this budget would be better suited to your organization.

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