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1. What is absorption costing? 2. How is job-order costing different from process costing? 3. Why would a company choose one method over the other?

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1. What is absorption costing? 2. How is job-order costing different from process costing? 3. Why would a company choose one method over the other? 4. Provide a real-world example of a company that might use job-order costing (use an example not listed in the textbook)

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