Question

what is marginal cost ?...........​

Answer 1

Answer:

the cost added by producing one additional unit of a product or service.

In economics, marginal cost is the change in the total cost that arises when the quantity produced is incremented by one unit; that is, it is the cost of producing one more unit of a good.

Explanation:

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Answer 2

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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.