Variable Costing Vs Absorption Costing Top 8 Differences Infographics
Difference Between Variable and Absorption Costing Variable costing is an accounting method for production expenses where only variable costs are included in the product cost. In contrast, Absorption costingAbsorption CostingAbsorption costing is one of approach which is used for the purpose of valuation of inventory or calculation of the cost of the product in the company where all the expenses incurred by the company are taken into the consideration i.e., it includes all the direct and indirect expenses incurred by the company during the specific period....