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, […]
What is Marginal Cost?
Article shared by : 
Applications of Marginal Costing
Article shared by : 
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, […]