Respond to the following in a minimum of 175 words: What isactivity-based costing? What...

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Accounting

Respond to the following in a minimum of 175 words: What isactivity-based costing? What are some of the key elements ofactivity-based costing? How does this method differ from a moretraditional costing method?

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Activity based costing is a costing method that identifies the various activities and then identifies the cost on the basis of consumption of activities Follow are the key elements of ABC 1 Cost identification In the first step we identify the costs which See Answer

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In: AccountingRespond to the following in a minimum of 175 words: What isactivity-based costing? What are...Respond to the following in a minimum of 175 words: What isactivity-based costing? What are some of the key elements ofactivity-based costing? How does this method differ from a moretraditional costing method?