Question: Marginal costing and absorption costing are two product costing methods used in the manufacturing process to deal with overheads. Identify and explain at least Three

Marginal costing and absorption costing are two product costing methods used in the manufacturing process to deal with overheads. Identify and explain at least Three differences between the two methods.

Briefly explain to management, using specific examples, why absorption costing would be your preferred method for financial reporting.

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