The companys controller recently attended a conference at which activity-based costing systems were discussed. He became convinced that such a system would help Future Logistics management to understand its product costs better. He got top managements approval to design an activity-based costing system, and an ABC project team was performed to discuss how they can benefit from ABC in preparing the capital budget. Write a memo to the team, commenting on the situation companys team has been facing. In your memo explain how an activity-based capital budget differs from a conventional capital budget and describe the impact of activity based costing on capital-budgeting decisions.

Please do not copy from previous given answers and if you don't know the answer then don't reply and the answer should be of 500 words and the answer should be according to the given requirements.