List and Summarize the ways in which we can begin to realize we may need to adjust our costing system, especially as it related to the allocation of overhead costs. Review the following classic article ” You need a new cost system when…”

Review the following classic article ” You need a new cost system when…” :
Cooper, R. (1989). You need a new cost system when… Harvard Business Review .
1. Summarize the ways in which we can begin to realize we may need to adjust our costing system, especially as it related to the allocation of overhead costs.
2. What are some signs that our cost system is obsolete?
3. Considering your readings this week, explain why it is important to get product costs right including allocating overhead costs correctly.