Question

On marginal costing and cost accounting as differentiation

Answer 1

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• Marginal costing system is very useful for internal purposes – decision making, planning and control.
• Calculation of cost of sales, under marginal costing system, is very simple to understand.
• Marginal costing system is very simple to operate as it does not require complex apportionments of overheads.

Answer 2

Answer:

Marginal costing system is very useful for internal purposes – decision making, planning and control.

Calculation of cost of sales, under marginal costing system, is very simple to understand.

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