Explain why absorption costing is the only method allowed by GAAP.

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Explain why absorption costing is the only method allowed by GAAP.

Posted Date: May 14, 2024 09:01 AM

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1.Explain and compare the following terms: theoretical capacity, practical capacity, normal capacity, and budgeted production. 2.Explain why absorption costing is the only method allowed by GAAP.
.Explain and compare the following terms: theoretical capacity, practical capacity, normal capacity, and budgeted production. 2.Explain why absorption costing is the only method allowed by GAAP.
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