Outline the Differences Made by JIT to the Importance of the Variable

question 66

Essay

Outline the differences made by JIT to the importance of the variable (marginal) costing and absorption costing.

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Definitions:

Pythagorean Theorem

A theorem that states that the square of the sides of a right triangle are equal to the square of the hypotenuse.

Hypotenuse

In a right-angled triangle, the longest side, which sits opposite the right angle.

Opposite Side

In geometry, it refers to the side facing away in relation to another side, often in triangles or other polygons.

Hypotenuse

The longest side of a right-angled triangle, opposite the right angle.