Marginal costing, Accounting Basics

Assignment Help:

Which statements about marginal costing are correct?

1. The marginal cost of a product involves an allowance for fixed overheads.

2. The marginal cost of a product presents the additional cost of making one extra unit.

3. If inventory decreases throughout a period, the profits under absorption costing will be lower than under marginal costing.

A. 1 only 

B. 1, 2 and 3 

C. 2 only 

D. 2 and 3 only


Related Discussions:- Marginal costing

What is the auto invoice?, A great tool to import and certify transaction d...

A great tool to import and certify transaction data from other financial systems and make invoices debit memos credit memos and on-account credits Setup steps: 1. Describe th

Banking sector, effects of technology in banking sector

effects of technology in banking sector

Imprest system, at the end of May he has a voucher for expenditure of $270 ...

at the end of May he has a voucher for expenditure of $270 and a balance in hand of $30. explain what the imprest amount is

What is operating revenues, Q. What is Operating revenues? Operating re...

Q. What is Operating revenues? Operating revenues are the revenues generated by the main activities of the business- generally the sale of products or services or both.

Sales returns and allowances account, Q. Sales Returns and Allowances accou...

Q. Sales Returns and Allowances account? The Sales Returns and Allowances account is the contra revenue account to Sales that records the selling price of merchandise returned

In june 2011, In June 2011,Kelly purchased new equipment for $26000 to be u...

In June 2011,Kelly purchased new equipment for $26000 to be used in her business.Assuming Kelly has net income from her business of $75000 prior to the deduction,what is the maximu

Accounting, What is the difference between financial statements prepared fr...

What is the difference between financial statements prepared from the expanded accounting equation and those prepared from a trial balance?k question #Minimum 100 words accepted#

Explain about trade discount, Q. Explain about trade discount? A trade ...

Q. Explain about trade discount? A trade discount is a percentage deduction or else discount from the specified list price or catalogue price of merchandise. Companies utilize

Management, briefly explain management process

briefly explain management process

Example of adjustments for deferred items, Q. Example of Adjustments for de...

Q. Example of Adjustments for deferred items? A real physical inventory a count of the supplies on hand at the end of the month showed only USD 900 of supplies on hand. Therefo

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd