Tag Archives | Applications

Top 4 Applications of Marginal Costing | Cost Accounting

The following points highlight the top four applications of marginal costing. The applications are: 1. Cost Control 2. Profit Planning 3. Evaluation of Performance 4. Decision Making. Marginal Costing: Application # 1. Cost Control: Marginal costing divides the total cost into fixed and variable cost. Fixed cost can be controlled by the top management and […]

Top 7 Applications of Differential Cost

The following points highlight the top seven practical applications of differential cost. The practical applications are: 1. Determination of the most Profitable Level of Production and Price 2. Acceptance of Offer at a Lower Price or Offering a Quotation at Lower Selling Price in Order to Increase Capacity 3. Accept or Reject Decisions 4. Make […]

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