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, in no more than 500 words, 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 please do not copy and paste from the previous chegg answers if you don't know the answer just don't it please and the answer should be more than 500 words and should be according to the given requirements please thank you.