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Internet Research Scavenger Hunt: 1. What year was Activity Based Costing first introduced? Who...

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Accounting

Internet Research Scavenger Hunt:

1. What year was Activity Based Costing first introduced? Who are the "founders" of Activity-Based Costing?

2. Briefly, discuss the main advantages of ABC. (Why is it considered to be superior to the plantwide rate method?)

3. Discuss the main disadvantages of ABC.

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