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Why is the activity-based costing described in this chapter unacceptable for external financial reports?

 

Can you please answer these questions  and define the last two words. These questions and definitions are in relation to cost accounting.

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Why is the activity-based costing described in this chapter unacceptable for external financial reports?

Why are there two stages of allocation in activity-based costing?

Why is direct labor a poor base for allocating overhead in many companies

Why is the first stage of the allocation process in activity-based costing often based on interviews?

Benchmarking –  please define

Customer-level activities – please define

 

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