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1. What is meant by an actual costing system? 2. How is an actual overhead rate calculated? 3. When is the actual overhead rate computed?

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1. What is meant by an actual costing system? 2. How is an actual overhead rate calculated? 3. When is the actual overhead rate computed? Why might that be disadvantageous? 4. What advantages does using an input measure of productive activity have over using output as a measure

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