Tag Archives for " variable costing "

The Contribution Margin Income Statement

The contribution margin income statement is a very useful tool in planning and decision making. While it cannot be used for GAAP financial statements, it is often used by managers internally. The contribution

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Absorption and Variable Product Costing

There are two major costing methods used for creating income statements in managerial accounting: absorption costing and variable costing. These two methods vary based on the way that fixed overhead is

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