Explain why do companies use ABC instead of Traditional systems.

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Watch the video below and write a three to four paragraphs summarizing the contents of the chapter and video. In your posts you might want to discuss how Overhead is applied in traditional systems, What is ABC as used in Overhead cost calculations and applications. Explain why do companies use ABC instead of Traditional systems. How are over applied and under applied overhead handled. Also, it will be good if you use examples.

Youtube video that you have to watch – https://www.youtube.com/watch?v=M-uGibLcQ-g&ab_channel=MarkTaylor

Also you don’t have to double space because I will be posting it as a discussion.

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