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Activity-Based Costing DQ

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1. What are the main differences between job, process, and activity-based costing?
2. How is manufacturing overhead calculated in each of the costing methods?
3. How are variances identified?
4. How might each of the costing methods be used in managerial decision-making?
5. Why is it important that a manager understands how product cost is determined?
6. What are the alternative costing methods?
7. Describe the scenario in which each costing method can best be used.

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