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Distinguish absorption costing and variable costing


Question 1: Explain the differences between absorption costing and variable costing.

Question 2: Explain, with the help of an example, how a company could use a variable costing system, as well as an absorption costing system. You have the option of using the company you work for as an example.

Question 3: Explain which method is better for the company being discussed.

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Accounting Basics: Distinguish absorption costing and variable costing
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