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What are the advantages of marginal costing?
Costs are analysed by behaviour, improving cost understanding and control.
Marginal costing drives better short term decision making.
Marginal costing is less reliant on accurate forecasting of production volumes than absorption costing.
Which of the following statements about Activity Based Costing are true?
1 It should provide more accurate product costs
2 It is a form of absorption costing
3 It should be used when there are low levels of overhead costs
4 It avoids all arbitrary allocation and apportionment of costs
1 and 2 only.
Q1
Q2