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What are the five steps of activity-based costing and how

Suppose the managers at X Company decide that the benefits of implementing an activity-based costing system would exceed the cost, and thus the company should use activity-based costing to allocate overhead. What are the five steps of activity-based costing, and how would this method work for X company?

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Managerial Accounting: What are the five steps of activity-based costing and how

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