Question: 1) what is the difference between absorption costing and variable costing? 2) Distinguish between product cost and period cost 3) what is the difference between

1) what is the difference between absorption costing and variable costing?

2) Distinguish between product cost and period cost

3) what is the difference between gross margin and manufacturing margin?

4) what is cost-volume profit analysis?

5) what is break even point?

6) what is the difference between contribution margin ratio and the margin of safety ratio?

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