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MARGINAL COSTING Vs DIRECT COSTING
Direct costing is the method where only direct costs are measured while calculating the cost of the product. Indirect costs are met in opposition to the total margin (excess of selling price over direct costs) specified by all the products taken together. A DIRECT COST is a cost that can be known readily with a a function, department, a unit of product or some other relevant unit. A direct cost therefore may be fixed or variable. Although most of the direct costs are variable costs, all direct costs cannot be direct.
Q. What kinds of benefits have communities realized due to FCA? Communities have understood the following benefits by using FCA: • Rates or tipping fees are set right and fa
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