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“Differentiate Between Value-Added and Non-Value-Added activities? What are two advantages and two criticisms of activity-based costing? Comment, Why ABC...

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Accounting

“Differentiate Between Value-Added and Non-Value-Addedactivities?
What are two advantages and two criticisms of activity-basedcosting?
Comment, Why ABC and ABM is Necessary in ManufacturingEntity?
Explain Few Reasons.”

Answer & Explanation Solved by verified expert
3.7 Ratings (300 Votes)
Value Added and Non Value Added Activities The Main Difference between the Value Added and Non Value added activities is that a value added cost is money spent which will increase the customers perception of the value of the product or may be the service The value added Activities Benefits the business very much but Some Non Value added    See Answer
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