Contrast absorption costing and variable costing

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Compare and contrast absorption costing and variable costing. What is the major difference between the two methods? Is there a circumstance when one method should be used over the other? Explain your answer

Reference no: EM131217327

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Contrast absorption costing and variable costing : Compare and contrast absorption costing and variable costing. What is the major difference between the two methods? Is there a circumstance when one method should be used over the other?
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