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Income effects of alternative cost accumulation systems
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Which one to use?
Example
Marginal costing
- Marginal cost is the cost of one more unit produced or one less unit produced in addition to current level of production. It contains all variable costs, but it does not cover any fixed cost.
- Marginal costing (direct or variable costing) is the technique of showing cost data while the variable cost and fixed cost are presented unconnectedly for the management decision-making.
MC Questions
Absorption costing
Differences
- Absorption costing is a technique of charging all costs - variable and fixed, and is also called full product costing. In the absorption costing, the cost is made from direct
cost plus overhead costs and the cost per unit stays
the same only when the level of output remains
the same for same period of time.
- Meaning
- How profit is calculated?
- Presentation of data
- Opening & Closing stocks
- Expanses
INCOME EFFECTS OF ALTERNATIVE COST ACCUMULATION SYSTEMS
Amina Dizdarević, Sarajevo 2020, Prof. Veledar & Prof. Bašić