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What is activity-based costing

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Problem 1: What are cost drivers? How do cost drivers relate to cost pools? What are some cost pools? Name two or three different cost drivers for each of these cost pools.

Problem 2: What activity-based costing? What are some of the key elements of activity-based costing? How does this method differ from a more traditional costing method?

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Accounting Basics: What is activity-based costing

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