Tag Archives | Income Determination

Income Determination under Absorption and Marginal Costing

After reading this article you will learn about Income Determination under Absorption and Marginal Costing. Under absorption costing, fixed costs are treated as product costs while marginal costing excludes fixed costs from product costs. The example given here illustrates the method of income determination under absorption and marginal costing: Example: In the two income statements […]

Income Determination under Marginal and Absorption Costing

The following points highlight the four cases of income determination under marginal costing and absorption costing. The cases are: 1. When there is Production but no Sales 2. When Production is Equal to Sales 3. When Production is more than Sales 4. When Production is Less than Sales. Income Determination under Marginal Costing and Absorption […]

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