Variable Costing

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Definitions
Marginal Costing
Marginal Costing Direct Costing Variable Costing Contribution Margin Decision Making Fixed Costs Inventory Valuation Absorption Costing
A costing and decision-making technique that charges only the marginal costs to the cost units and treats the fixed costs as a lump sum, deducting from the total contribution to obtain the profit or loss for the period.
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Definitions
Variable Costing
Variable Costing Marginal Costing Direct Costing Managerial Accounting Cost Accounting Financial Management
Variable costing, also known as direct or marginal costing, is a managerial accounting method where only variable costs are included in the cost of a product.
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