Question: QUESTION 2 (10 MARKS) Activity-Based Costing(ABC) (a) Differentiate between simple costing systems and ABC systems. (5 marks) (b) Discuss costing system refinement. Describe Three(3)

QUESTION 2 (10 MARKS) Activity-Based Costing(ABC) (a) Differentiate between simple costing systems and ABC systems. (5 marks) (b) Discuss costing system refinement. Describe Three(3) guidelines for the said refinement in relation to ABC system. (5 marks)

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