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MARGINAL COSTING
As per the Chartered Institute of Management Accountants, London, the phrase 'Marginal cost' means - 'the amount at every given volume of output through which aggregate costs are altered if the volume of output is decreased or increased by one unit'. Marginal costing is a method where only the variable costs are considered whereas computing the cost of a product. The fixed costs are met in opposition to the total fund arising out of the excess of selling price over entire variable cost. This fund is known as 'CONTRIBUTION' in marginal costing. As per the Chartered Insitute of Management Accountants, London, 'Marginal costing' is a method where 'only the variable costs are charged to cost units, the fixed costs attributable being written off in completely against the contribution for that period'.
Absorption Costing, Marginal Cost and Marginal Costing Absorption costing is most often utilized for routine profit reporting and must be utilized for financial accounting rea
Relationship among management accounting and cost accounting Referring to CIMA's definition for cost accounting, we can determine cost accounting is a part of management accou
Q. Can FCA Help Compare Opening A New Landfill Versus Building A Wasteto-Energy Incinerator? Ans. Yes. The principles of FCA are precisely the same no matter how you relat
advantages and disadvantages of uniform costing
mojor elements of cost sheet
The beginning inventory balances of Item X on August 1 and the purchases of the item during the month of August were as follows: August 1 Beginning Inventory 600 units @ $10.00
what is the different between Financial accounting and management accounting?
initial stock.=21,926,150 purchases.=361,550,000 other expenses=207,000,000 operatig profit=34,500,000 sqles=600,000,000 disc received=23,976,150 final stock=1000,000 variable exp
Long-Term Liabilities: These are usually for more than one year. They cover almost all the outsider's liabilities not comprised in the current liabilities and provisions. Such
ShipShape Company makes 2 different types of boats, commercial fishing and sail boats both for recreation and competition. The company consists of two different departments, design
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