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What is the key difference between marginal costing and absorption costing?a)Marginal costing includes all production costs, while absorption costing focuses on variable costs.b)Marginal costing ignores fixed costs, while absorption costing includes both fixed and variable costs.c)Marginal costing is used for external financial reporting, while absorption costing is used for internal decision-making.d)Marginal costing is more complex than absorption costing.Correct answer is option 'B'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about What is the key difference between marginal costing and absorption costing?a)Marginal costing includes all production costs, while absorption costing focuses on variable costs.b)Marginal costing ignores fixed costs, while absorption costing includes both fixed and variable costs.c)Marginal costing is used for external financial reporting, while absorption costing is used for internal decision-making.d)Marginal costing is more complex than absorption costing.Correct answer is option 'B'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for What is the key difference between marginal costing and absorption costing?a)Marginal costing includes all production costs, while absorption costing focuses on variable costs.b)Marginal costing ignores fixed costs, while absorption costing includes both fixed and variable costs.c)Marginal costing is used for external financial reporting, while absorption costing is used for internal decision-making.d)Marginal costing is more complex than absorption costing.Correct answer is option 'B'. Can you explain this answer?.

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