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Please assist with the below questions. Please be thorough and provide examples if possible. 1. The distinctions between standard and activity based costing. 2. The

Please assist with the below questions. Please be thorough and provide examples if possible.

1. The distinctions between standard and activity based costing.

2. The key characteristics of lean accounting, and when lean accounting systems should be considered for use.

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Sure lets delve into each of these topics 1 Distinctions between Standard and ActivityBased Costing ABC Standard Costing Standard costing is a traditional costing method that assigns predetermined cos... blur-text-image

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