Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Distinction between Absorption and Marginal Costing
These are two approaches of arriving at the cost of production or total profit for a specified period. The major difference between marginal costing and absorption costing is on the treatment of the fixed cost.
In absorption costing both fixed and variable production costs are involved in the determination of the cost of a product. This implies such the fixed cost is treated like a product cost and not a period expense. It is significant for the student to note the term "fixed production costs" like they are the only costs that create the difference between the absorption and marginal in costs of production.
In marginal costing only variable costs are involved in the determination of the production cost. This implies such fixed costs are treated like period costs as:
The manufacturing division of an electronics company uses activity-based costing. The company has identified three activities and the related cost drivers for indirect production c
The assets and liabilities of Amos Moving Services at May 31, 2011, the end of the current year, and its revenue and expenses for the year are listed below. On April 1, 2010, the
Limitations of abc analysis
Principles of Marginal Costing The principles of marginal costing are as given: 1. Period fixed costs are similar, for any volume of sales and production provided suc
Absorption Costing The process described in this section by that net overheads are absorbed into production naturally enough is identified as absorption costing. The absorpti
Bottoms Up company produces high quality sports equipment. the companie''s racket division manufactures three tennis rackets- the Standard, Deluxe and the Pro that are widely used
Absorption vs. Variable Costing Varilux manufactures a single product and sells it for $10 per unit. At the beginning of the year there were 1,000 units in inventory. Upon further
Identify and explain many classification of costs for planning, control, performance evaluation and decision making.
advantages and disadvantages of uniform costing
Great Pumpkin Farms just given a dividend of $3.50 on its stock. The growth rate in dividends is expected to be a constant 5 percent per year indefinitely. Investors need a 16 pe
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +91-977-207-8620
Phone: +91-977-207-8620
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd