with example and explanation , Using Harvard referencing

TASK 1: Understand marginal costing 1.1 Explain the term marginal costing. 1.2 Explain the marginal costing decision making situations. 3 1M1 Compare and contrast marginal and absorption costing techniques 1D1 Evaluate the importance of considering on financial factors when using marginal and absorption costing techniques TASK 2: Be able to apply absorption costing techniques 2.1 Explain the use of absorption costing techniques. . .4 2.2 Define key terms used in absorption costing. 2.3 Use absorption costing to calculate the total cost TASK 1: Understand marginal costing 1.1 Explain the term marginal costing. 1.2 Explain the marginal costing decision making situations. 3 1M1 Compare and contrast marginal and absorption costing techniques 1D1 Evaluate the importance of considering on financial factors when using marginal and absorption costing techniques TASK 2: Be able to apply absorption costing techniques 2.1 Explain the use of absorption costing techniques. . .4 2.2 Define key terms used in absorption costing. 2.3 Use absorption costing to calculate the total cost