Management Accounting

General question: “ …To the extent that costs of activities are not, after all, direct costs, there is no reason to suppose that the allocation procedure by which they are determined is more accurate than any other“. (Armstrong, 2002:107)
Critically discuss the idea that ABC is a more accurate costing approach than traditional full (absorption) costing.
Present in detail the differences between ABC and traditional full (absorption) costing, and the main advantages and limitations of ABC implementation. Also explain how the organisational context influences the implementation of ABC as well as its consequences.