Discuss project on marginal costing within the Miscellaneous Projects forums, part of the PUBLISH / UPLOAD PROJECT OR DOWNLOAD REFERENCE PROJECT category; The costs that vary with a decision should only be included in decision analysis. For many decisions that involve relatively ...
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project on marginal costing
project on marginal costing - February 17th, 2010
The costs that vary with a decision should only be included in decision analysis. For many decisions that involve relatively small variations from existing practice and/or are for relatively limited periods of time, fixed costs are not relevant to the decision. This is because either fixed costs tend to be impossible to alter in the short term or managers are reluctant to alter them in the short term.
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Re: project on marginal costing
Re: project on marginal costing - June 16th, 2015
Definition of Marginal Costing
In economics, marginal cost is the change in the total cost that arises when the quantity produced has an increment by unit. That is, it is the cost of producing one more unit of a good.
Advantages of Marginal Costing
1) Cost control
3) Elimination of cost variance per unit
4) Short-term profit planning
5) Accurate overhead recovery rate
6) Maximum return to the business
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