Friday, April 6, 2012

Absorption costing

 

 

Introduction

 
 
In this method of costing, in which total overhead costs are apportioned to the products using a base such as labor hours, direct cost or conversion cost.

In contrast in marginal costing, only variable overheads are allotted or charged to products. Fixed overheads of periods are charged to profit and loss account.
 

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Index of articles on Cost Accounting, Costing and Cost Management

OK - http://knol.google.com/k/narayana-rao/absorption-costing/2utb2lsm2k7a/ 784

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