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Difference between absorption costing and variable costing

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Reference no: EM132869646

Question -

1a. 'Fixed and variable costs are the same as indirect and direct costs' Discuss.

1b. Outline the steps you would take to calculate the selling price of a cost unit using Traditional Absorption Costing? (6 marks)

1c. What is the difference between Traditional Absorption costing and Variable costing?

Reference no: EM132869646

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