Mind map
VARIABLE AND ABSORPTION COSTING
Mind map: variable and absorption costing
Map content
VARIABLE AND ABSORPTION COSTING
ABSORPTION COSTING
- FOR-external use
- http://youtu.be/Sy5BHS9b8-Y
- FOR-external use
VARIABLE COSTING
- FOR internal use
- BENEFITS
- *profit is not maipulated *for decision-making in the short run AS ONLY vc are relevant *
- BENEFITS
- FOR internal use
FACTS
- ALL PRODUCTION IS SOLD
- profit for AC=VC
- SALES<PRODUCTION (CI)
- THENN AC>VC PROFIT AS CI FIXED COSTS ARE DEFFERED
- SALES>PRODUCTION (OI)
- THEN PROFIT FOR AC<VC
- ALL PRODUCTION IS SOLD
Information
- Description
- This is a summary of the variable and absoption costing method.
- Created by
- Tshilidzi Thathaisa
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