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Original tutor guidance of 250 counts with sources/references. What's the key difference between full (absorption) costing and variable costing? Why does it make sense that

Original tutor guidance of 250 counts with sources/references.

What's the key difference between full (absorption) costing and variable costing? Why does it make sense that one is required for GAAP reporting while the other makes a LOT of sense for making internal production decisions?Discuss benefits and disadvantages of each one for external and internal use.

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