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Standard and traditional costing model

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Reference no: EM132785197

Question 1. What benefits and drawbacks are there for a business that uses a Standard/Traditional Costing model?

Question 2. What benefits and drawback are there for a business that uses an Activity Based Costing (ABC) model?

Question 3. If you owned a small manufacturing business with relatively high volume and multiple product lines, would you implement an ABC model? Why?

 

Reference no: EM132785197

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