Question: Please offer elaborated answers for both questions with examples if possible. Thank you! Define and contrast Actual and Normal Costing. Thereafter contrast the accounting cost

Please offer elaborated answers for both questions with examples if possible. Thank you!

Define and contrast Actual and Normal Costing. Thereafter contrast the accounting cost construct with the relevant economic cost construct. Define and compare Actual and Normal Costing. Consider a set-up with two overhead cost pools with their own LLAs. Both the Full and the Variable Normal Costing should be included in the discussion

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