Briefly explain the difference between Actual Costing, Normal Costing, and Standard Costing. How does each system assign direct and manufacturing costs to products? Why do many organizations use normal costing or standard costing instead of actual costing?
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The Answer of Briefly explain the difference between Actual Costing, Normal Costing, and Standard Costing. How does each system assign direct and manufacturing costs to products? Why do many organizations use normal costing or standard costing instead of actual costing?
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Briefly Explain the Difference Between Actual Costing, Normal Costing, and Standard