Question: Q1. difference between cost ascertainment and cost estimation Q2. Discuss the concept of marginal costing. Do you think it is an improvement over absorption costing?

Q1. difference between cost ascertainment and cost estimation

Q2. Discuss the concept of marginal costing. Do you think it is an improvement over absorption costing? Give reason for your answer.

Q3. Explain with an example the difference in income that arises from using marginal costing vs absorption costing

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Q1 The difference between cost ascertainment and cost estimation Cost Ascertainment refers to the process of determining and recording the actual costs incurred in the production or provision of goods ... View full answer

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