Limitations of Marginal Costing
Write down the limitations of Marginal Costing?
Expert
Limitations of Marginal Costing are illustrated below: - The categorization of total costs into variable and fixed cost is hard. - In this method fixed costs are completely eliminated for the valuation of inventory of finished and semi-finished goods. Such removal affects the profitability adversely.
- In marginal costing historical data is employed while management decisions are related to prospect events. - It doesn’t give any standard for the valuation of performance. - Selling price fixed on the base of marginal cost will be useful only for short period. - Estimation of profitability on the marginal cost base can be employed only in the short period.
Illustrates the characteristics of Oligopoly?
Define the term cost plus pricing.
Explain the Arc Method of Measurement of Elasticity.
In what condition the concept of marginal costing basically applied?
Explain the about Fiscal Policy.
Within a graph along with output on the horizontal axis and whole revenue on the vertical axis, determine the shape of the total revenue curve for a perfectly competitive seller: w) U-shaped. x) inverted U-shaped. y) a horizontal line
A backward bending supply curve for labor arises while: (w) firms wish to hire only a specific quantity of labor. (x) there is a change in the elasticity of resource supply. (y) workers prefer leisure over added income above several wage. (z) minimum
General training occurs while a: (w) secretary learns a new office procedure. (x) handyman learns to drive a semi-truck. (y) messenger learns the company’s in-house mail route. (z) navy recruit learns how to repair a guided missile.
Describes the definition of Managerial economics according to Douglas?
Differentiate between extension/contraction and shift in demand?
18,76,764
1942680 Asked
3,689
Active Tutors
1435915
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!