Define standard costing point out the difference between standard costing and marginal costing
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Marginal costing is the incremental production cost of producing one more unit of a good. Standard costing is a manager's model forascribing fixed costs across a produced volume of goods on a per-unit basis.
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Answer: The main difference between marginal costing and standard costing is, marginal cost is subset of standard cost, whereas the standard is the super set of marginal costing. Explanation: Standard costing is the method of costing, which includes two types of costing methodologies
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