Question

Choose the correct answer In marginal costing, fixed costs are charged to (a) Profit and loss account (b) Income account (c) Costing profit and loss account (d) Stores ledger

   Choose the correct answer
In marginal costing, fixed costs are charged to
(a) Profit and loss account
(b) Income account
(c) Costing profit and loss account
(d) Stores ledger

Cost Accounting

Cost Accounting

K. Alex 1st Edition

Chapter 13, Problem 7

Instant Answer

Step 1

Marginal costing is an accounting method where variable costs are charged to cost units and fixed costs are treated as period costs. They are not allocated to individual products but are written off in the period they are incurred. Show more…

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Choose the correct answer In marginal costing, fixed costs are charged to (a) Profit and loss account (b) Income account (c) Costing profit and loss account (d) Stores ledger

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