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Differences between abc and traditional costing

Question 1. What are some examples of fixed and variable costs from your workplace? Which costs may have both variable and fixed components? How can this be resolved for analysis purposes?

Question 2. When is it appropriate for companies to use activity-based costing? How might activity-based costing be used in your company? What are some differences between ABC and traditional costing?

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Finance Basics: Differences between abc and traditional costing

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