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Companies usually, in pursuit of refining their costing system, adopt Activity-Based Costing systems with an...

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Accounting

Companies usually, in pursuit of refining their costing system, adopt Activity-Based Costing systems with an aim to arrive at accurate cost figures. Describe, in your own words, the prominent factors/reasons (any four) that contribute to these companies taking such initiatives. That is, what are the main factors that are causing these companies to consider refining their costing systems?

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