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What is another name for marginal costing?
Another name for marginal costing is variable costing. This approach focuses on the variable costs associated with production while excluding fixed costs from product cost calculations. It is often used for internal decision-making and helps in assessing the impact of production volume on profitability.
Is direct costing the same as variable costing?
Variable costing is called marginal costing while direct costing is separate concept.
Is another term for variable costing?
It May Be Called as "Marginal Cost"
What is another term for variable costing?
It May Be Called as "Marginal Cost"
What is another name for absorption costing?
Full costing system
What costing method considers variable factory overhead a product cost?
variable costing
What is another name for responding variable?
Another name for responding variable is dependent variable.
What is another name responding variable?
Another name for responding variable is dependent variable.
What is another name for variability?
Another name for responding variable is dependent variable.
If you were a candy manufacturer which costing system should you use full absorption costing or variable costing?
full absorption costing
What are the differences between Absorption Costing and Variable Costing?
VARIABLE COSTING VERSUS ABSORPTION COSTINGAbsorption costing applies all manufacturing overhead to production costs while they flow through Work-in-Process Inventory, Finished-Goods Inventory and expenses on the income statement while Variable Costing only applies variable manufacturing overhead.Fixed manufacturing overhead is expensed immediately as it is incurred under variable costing while it is inventoried until the accounting period during which the manufactured goods are sold under absorption costing.
Another name for a dependent variable?
Another name for a dependent variable is also known as a responding variable
