Question
Economics Question on Estimation and Costing
The technique in which only variable costs are taken into Account for the purpose of product costing, inventory valuation and other allied important management decisions is known as :
A
Absorption costing
B
Marginal costing
C
Standard costing
D
Job costing
Answer
Marginal costing
Explanation
Solution
The correct answer is (B) : Marginal costing.