Difference between Absorption Costing and Marginal Costing

Q.  Which of the following statements are true about absorption & marginal costing?
- Published on 14 Sep 15

a. In absorption costing, cost is divided into three major parts while in marginal costing, cost is divided into two main parts
b. In absorption costing period is important and in marginal costing product is important
c. Both a and b
d. None of the above

ANSWER: Both a and b

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