What is marginal costing?
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Answer / sneha pawar
marginal cost are defined as the change in total cost
resulting from a one unit change in output. they are the
variable cost associated with increasing output in the short
run. a change in marginal cost might come about for example
because of a change in the price of essential raw material or
an increase in the wage rate paid to part time employees.
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Answer / sharan
it is type of flexible standard costing that seperates fixed
cost from proportional costs in relation to the out put
quantity of the projects.
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Answer / siva narayana reddy
The cost which is incared for manufacturing additional units of goods and services are know as a marginal cos. The marginal cost which is only impact on variable cost but not fixed cost.
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Alex’s Trial Balance at 31 December 2015 Dr (BWP) Cr (BWP) Capital 18 240 Bank overdraft 3 000 Fixtures and fittings 14 100 Provision for depreciation-fixtures and fittings 8 800 Inventory 14 200 Trade receivables 12 300 Trade payables 9 900 Revenue 110 000 Purchases 51 000 Discount received 1 800 Wages and salaries 26 000 Sundry expenses 34 000 Discount allowed 620 217 540 ======= 86 420 ======== Required: i Prepare the corrected trial balance at 31 December 2015. (7 marks) ii Show any difference you find as a balance on an appropriate account.
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