Please create a thread and answer the questions below. 1. Distinguish between the two types of cost accounting systems. 2. Entries to Manufacturing Overhead normally are only make daily." Do you agree? Explain. 3. What elements are involved in computing a predetermined over rate? 4. State the procedures that are required and the sequence in which they are performed in the preparation of the Production Cost Report 5. What is meant by the term "equivalent units of productions? 6. How are equivalent units of production computed