Accountancy, asked by moulisarkar002, 2 months ago

difference between standard coating and absorption costing​

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Answered by 28aliza
84

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Standard costing

Standard costing systems can be either an absorption costing system or a marginal costing system.

Absorption costing

Absorption costing systems focus on profit per unit, and the standard profit per unit of product is the difference between its standard sales price and standard full cost.

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