Question

the marginal cost statement​

Answer 1

Answer:

Marginal cost statement offers an alternative layout to the traditional income statement prepared under absorption costing. Marginal cost statement treats fixed and variable cost separately and shows contribution. However gross profit does not find any place in the marginal costing statement.

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Answer 2

Answer:

Marginal costing is the accounting system in which variable costs are charged to cost units and fixed costs of the period are written off in full against the aggregate contribution. Note that variable costs are those which change as output changes - these are treated under marginal costing as costs of the product.