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Using activity based costing, what would you suggest to management about the viability of each of its current products assuming that Hi‐Tek is a price taker and has no market power over its pricing.
Using what you learned about activity based costing (ABC) in this week's readings, choose an industry you would like to work in (or already work in) and discuss 3 to 5 items about the applicability of ABC in that industry and what opportunities (or challenges) you think ABC would offer (or face) for companies that choose it as their costing method.
please answer in simple words
OPTION 1) Using what you learned about activity based costing (ABC) in this week's readings, identify and discuss 3 to 5 items that have to be considered when organizations decide to use ABC and must identify drivers relevant to their industry and type of business.