when there ia no opening or closing stock profit under marginal costing will be ____ be absorption costing?
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Explanation:
No opening and closing stock: In this case, profit / loss under absorption and marginal costing will be equal. 2. When opening stock is equal to closing stock: In this case, profit / loss under two approaches will be equal provided the fixed cost element in both the stocks is same amount.
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Answer:
No opening and closing stock: In this case, profit / loss under absorption and marginal costing will be equal. 2. When opening stock is equal to closing stock: In this case, profit / loss under two approaches will be equal provided the fixed cost element in both the stocks is same amount.
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