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Explain the Differences Between Variable (Marginal) Costing and Absorption Costing

question 7

Essay

Explain the differences between variable (marginal) costing and absorption costing.


Definitions:

Spoken Aloud

Reading or saying words out loud.

Numerator

The top number in a fraction that shows how many parts of a whole are being considered.

Denominator

In a fraction, the number below the line which indicates the total number of parts into which the whole is divided.

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