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What are the four methods commonly used to identify the

This is a assignment for accounting class.

Please this has to be on your own words and Avoid brevity.

- What are the four methods commonly used to identify the fixed and variable elements of a mixed cost?

- Identify the strength and weakness of each method identified in question #1.

- What is cost behavior

- List and explain (in detail) what are the perceived advantages of ABC (activity based costing) over the "traditional" method of cost allocation?

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