Transcription of Inner-Intermediate IPC
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Inner-Intermediate IPC
12 Marginal Costing Learning Objectives When you have finished studying this chapter, you should be able to Understand the difference between absorption costing and marginal costing Understand the concept of contribution and contribution to sales ratio. Understand the method of computation of break-even point, both mathematically and also with the help of a graph. Understand the basic limitations of break even analysis Definitions In order to appreciate the concept of marginal costing, it is necessary to study the definition of marginal costing and certain other terms associated with this technique.
12.6 Cost Accounting 12.4.2 Difference in profit under Marginal and Absorption costing: The above two approaches will compute the different profit because of the difference in the stock valuation.
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