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What other phrases are used for variable costing? What are the consequences of variable costing for...

  1. What other phrases are used for variable costing?
  2. What are the consequences of variable costing for profit calculation?
  3. Cost behavior refers to the manner in which: and summarize it.
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Answer #1

1-Variable costing is also called marginal costing. it is applied In absorption costing and Marginal costing calculations.

2-the differences are crucial when calculating profit where beginning and ending inventory levels are different and if both are equal then the marginal profit and absorption profit will be the same

3-Cost behavior refers to the manner in which cost changes as the related activity changes. Variable costs are those costs which vary according to the level of activity.it will occur only when there is a production.Fixed cost will not be change according to the production changes,it will remain constant for a short period of time.and semi varibale ost having the features of both fixed abd variablr costs

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