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What is Marginal Costing in Decision Making about?

This document provides an introduction to costing and marginal costing. It defines costing as classifying, recording, and allocating expenditures to determine the costs of goods or services. Marginal costing is then introduced as a technique that separates fixed and variable costs. Fixed costs are treated as period costs while variable costs are assigned to cost units. This allows marginal costing to reveal the true cost-volume-profit relationship and facilitate decision making. The key advantages and princ

Author

Haresh Sahitya

Language

EN