how does absorption costing differ from variable costing in cost accumulation and in 641252
Aug 30, 2021 | Uncategorized
- Why would regression analysis provide a more accurate cost formula than the high–low method for a mixed cost?
- How does absorption costing differ from variable costing in cost accumulation and income statement presentation?
- What is meant by classifying costs (a) functionally and (b) behaviorally? Why would a company be concerned about functional and behavioral classifications?
- Is variable or absorption costing generally required for external reporting? Why is this method preferred to the alternative?
- Why does variable costing provide more useful information than absorption costing for making internal decisions?
- What are the income relationships between absorption and variable costing when production volume differs from sales volume? What causes these relationships to occur?