Question: The following diagram shows both Activity-Based Costing (ABC) and Activity-Based Budgeting (ABB). Explain how they are used together. Resources Resources Activity-Based Costing (ABC) Activities Activities

The following diagram shows both Activity-Based Costing (ABC) and Activity-Based Budgeting (ABB). Explain how they are used together. Resources Resources Activity-Based Costing (ABC) Activities Activities Cost objects: products and services produced, and customers served. Activity-Based Budgeting (ABB) Forecast of products and services to be produced and customers served

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