Terminal costing is the other name of which costing
Answers
Answered by
0
Terminal costing is another name given for Absorption Costing
- Full costing is sometimes also called absorption costing.
- Absorption costing is a costing that is done in companies and is and type of managerial accounting method.
- It is used for absorbing all the costs which are associated with manufacturing the product.
- For example, Loading unloading and transshipment costs are terminal costs.
- At the origin and destination loading and unloading, costs are unavoidable and are terminal costs
- Transshipment is the intermediate cost incurred here but can be avoided
- All these costs are known as Absorption Costs or terminal costs
Similar questions