Actual Costing and Normal Costing 

Actual Costing
Traces Direct Costs to Cost Object
And
Traces Indirect Costs based on the actual Absorption Rate (ABR)
ABR =Actual Overheads/Actual Allocation Base
Normal Costing
Traces Direct Costs to Cost Object
And
Traces Indirect Costs based on the Budgeted Absorption Rate (BAR)
BAR = Budgeted Overheads/Budgeted Allocation Base