Tag Archives | Marginal Costing

What is Marginal Cost?

Marginal cost means the same thing as variable cost. The term is not a new one. The accountants' concept of marginal cost differs from Economists' concept of marginal cost. Economists define marginal cost as the additional cost of producing one additional unit. The Institute of Cost and Works Accountants of India defined marginal cost as, "the amount at any given [...]

By |2021-01-04T17:18:49+05:30January 4, 2021|Cost Accounting|Comments Off on What is Marginal Cost?
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Applications of Marginal Costing

Everything you need to know about the applications of marginal costing. Marginal costing is the most powerful and popular technique in aid of managerial decision making. It reveals the cost, volume profit relationship in all its ramifications which is useful in profit planning, selling price determination, selection of optimum volume of production, etc. Marginal costing, with its focus on variability [...]

By |2019-10-21T12:08:38+05:30October 21, 2019|Marginal Costing|Comments Off on Applications of Marginal Costing
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