Why do most companies use normal or standard costing? after, Ask an Expert

Accounting

a) Why do most companies use normal or standard costing? After all, actual costing give the actual cost, so the firm could just wait until it knows what the cost will be.

b) What is the distinction between equivalent units under the FIFO method and the equivalent units under the weighted-average method?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9400829

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