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Explain marginal costing and absorption costing

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Question - Marginal Costing and Absorption costing are two approaches usually use to calculate profit of the organization.

Required - Explain Marginal Costing and Absorption costing. You answer covers the following details.

(a) Where we use these approaches.

(b) How profit under these approaches would be same or different.

(c) Treatment of fixed factory overhead under marginal costing and absorption costing.

Reference no: EM132560355

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