![]() Related Questions Latest Answer : generally, it is the allocation of all time, material and expenses to an individual project or job; specifically, JOB COSTING is normally software based and provides for budgeting, forecasting, collecting and reporting on the expenditure and revenue associated ... Read Answers (1) | Asked by : Navjot Seema Automobiles Ltd., purchesed a machine for Rs. 60,000 on 1st july, 1988. On 1st january, 1989 company purchesed an additional machine costing Rs 20,000. On 31st december, 1990 the machinery purchesed Latest Answer : Only transfer Payment ... When inventory prices are declining the, FIFO method will generally yield a gross profit that is:A Less than the LIFO methodB Equal to the average cost methodC The same as that from any other costing methodD Latest Answer : Answer is A
Gross profit is less than LIFO method. ... Explain briefly the technique of marginal costing. In what ways do you consider this technique useful in management accounting? Latest Answer : Marginal costing is also known as "Direct costing" or Variable costing. In U.K it is called "Marginal Costing". It is an economic concept. Marginal cost is derived from the word "Margin". It is the additional cost of producing additional units.Marginal ...
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