Question: Explain the concept of Marginal Costing & its practical application usages? Also share the major difference between Marginal Costing & Absorption Costing.

Explain the concept of Marginal Costing & its practical application usages? Also share the major difference between Marginal Costing & Absorption Costing.

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Marginal costing is a costing technique where only variable costs are considered while calculating the cost of production It focuses on the incrementa... View full answer

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