61. Examine The Relevance Of Marginal Costing In The Present Say Context Of Global Business Environment, With Suitable Illustrations, Comparing It With Other Techniques?
Marginal costing is a special technique used for managerial decision making. The technique of marginal costing is used to provide a basis for the interpretation of cost data to measure the profitability of different products, processes and cost centers in the course of decision making. It can, therefore, be used in conjunction with the different methods of costing such as job costing, process costing etc., or even with other techniques such as standard costing or budgetary control.
