Explain what is the absorption cost and what is the difference between the variable cost

1.Define the concepts

2.What is your purpose?

3.What are its advantages and disadvantages?

4.How are they different?

Include references please, to know where to look for more information, Thanks!

Answer rating: 100% (QA)

Define the concepts Absorption Costing Absorption costing is a method of allocating all manufacturing costs both fixed and variable to the cost of a product Under absorption costing all direct costs d... View the full answer