Difference between revisions of "Variable costing"

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Latest revision as of 15:12, 11 July 2020

Variable costing is method of inventory costing in which only all variable manufacturing costs are included as inventoriable costs. Also called direct costing.

Definitions

According to Cost Accounting by Horngren, Datar, Rajan (14th edition),

Variable costing. Method of inventory costing in which only all variable manufacturing costs are included as inventoriable costs. Also called direct costing.