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Activity Based Costing (ABC) has been recommended as an alternative to traditional methods due to its ability to provide more accurate costing of products/services. The adoption of ABC has however received mixed reaction in terms of its adoption.'
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Problem 1: Assume that you are a management accounting trainee working in a manufacturing organisation with multiple products and your supervisor is considering the adoption of ABC in your organisation. You have been asked to make a report for your supervisor by Undertaking research of the literature (academic and professional) and provide a report that outlines the experience (positive and negative) of organisations over the past ten years following the adoption of ABC. Provide a recommendation to your supervisor on whether ABC should be adopted in your organisation.
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A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.
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