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Gagan Mishra

Job Interview Skills
English
2 years ago

57. Explain The Meaning Of Absorption Costing?

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Abhishek Mishra

2 years ago

Absorption costing technique is also termed as Traditional or Full Cost Method. According to this method, the cost of a product is determined after considering both fixed and variable costs. The variable costs, such as those of direct materials, direct labor, etc. are directly charged to the products, while the fixed costs are apportioned on a suitable basis over different product manufactured during a period.

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