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What two problems are associated with actual costing? How does normal costing solve these two problems? At the end of a month, how is over

What two problems are associated with actual costing?
How does normal costing "solve" these two problems?
At the end of a month, how is over or under applied overhead reported on the financial statements?
At the end of the year, how is over or under applied overhead reported on the financial statements?

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