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PROBLEM 1 Theory of Costs: In the The Rationale of Cost Accounting by R.S. Edwards (found in Chapter 4 of the L.S.E. Essays on Cost),

PROBLEM 1 Theory of Costs: In the The Rationale of Cost Accounting by R.S. Edwards (found in Chapter 4 of the L.S.E. Essays on Cost), the author writes about the problematic nature of costing overhead. In your own words, explain why costing overhead can be problematic and provide practical solutions to this costing problem. Please limit your response to no more than 2 pages typed.

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