0
What else can I help you with?
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
How do variable costing and absorption costing differ?
marginal costing is also known as contribution costing. its a costing method that's includes only a variable cost of a product no attempt is made to allocate or appropriate fixed costs to cost centers. the setting of prices is basically based on the variable costs of making a product. if the prices are set above this unit cost then each item sold will make a condition to fixed costs. on the other hand absorption costing or full costing is an approach to the costing of products that allocated all costs of production to cost centers. The aim is to ensure that all business costs are covered.
