Among actual, normal and standard costing which method should be used in what situations and which method gives us the most accurate costing (that is to say cost per product matches actual value of resources consumed more cosely) ??
Among actual, normal and standard costing which method should be used in what situations and which method gives us the most accurate costing (that is to say cost per product matches actual value of resources consumed more cosely) ??
Standard costing is the best method. which will give us an variance analysis to compare with actuals.
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