With the increase in competition over the past several years,traditional cost accounting systems have become less common in product costing because

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Traditional cost accounting systems use volume-based cost drivers such as direct labor hours or machine hours to allocate overhead costs to products. However, with increased competition and product diversity, this method has become less accurate and relevant. Structural cost drivers, executional cost drivers, and indirect cost drivers are also used in various costing systems, but they are not the main reason for the decline in traditional cost accounting.

With the Increase in Competition Over the Past Several Years,traditional