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How a standard costing could be used

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Reference no: EM132985902

Problem 1: If you owned a small manufacturing business with relatively high volume and multiple product lines, would you implement an ABC model? Why?

Problem 2: As you get ready to reflect on these questions, don't forget that the best answers are attempts to apply the concept to a small business and explore how a standard/traditional costing or activity-based costing system would/could be used. What are the benefits and the risks - or how could you adapt it to get the best of both?

Reference no: EM132985902

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