Explain the difference between activity based costing (ABC) and conventional costing methods.
ABC costing requires process transparency and detailed information on products, customers, activities, and resource costs. Conventional costing usually does not provide the true allocated costs to directly related support functions, equipment, facilities, and people.
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The Answer of Explain the difference between activity based costing (ABC) and conventional costing methods.
ABC costing requires process transparency and detailed information on products, customers, activities, and resource costs. Conventional costing usually does not provide the true allocated costs to directly related support functions, equipment, facilities, and people.
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Explain the Difference Between Activity Based Costing (ABC) and Conventional