Explain why most companies use “normal” or “standard” costing instead of actual costing. Since the “standard” amounts are estimates which are usually not 100% accurate, why don’t they use the more accurate actual costing?

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In a 1 to 2-page paper, explain why most companies use “normal” or “standard” costing instead of actual costing. Since the “standard” amounts are estimates which are usually not 100% accurate, why don’t they use the more accurate actual costing?