Question: How does marginal costing help in decision-making processes? 7. Discuss the advantages of using marginal costing in cost analysis. 8. What are the limitations of

How does marginal costing help in decision-making processes? 7. Discuss the advantages of using marginal costing in cost analysis. 8. What are the limitations of marginal costing? 9. How does marginal costing assist in determining break-even point? 10. Explain the term "marginal cost ratio" and its significance in marginal costing. 11. How is fixed cost treated in marginal costing? 12. Discuss the concept of direct and indirect costs in marginal costing. 13. What is the formula for calculating the marginal cost per unit? 14. Explain the concept of contribution per unit in marginal costing. 15. How does marginal costing help in pricing decisions? 16. What role does marginal costing play in short-term decision-making? 17. Discuss the impact of volume on marginal costing. 18. What are the key assumptions of marginal costing?

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