Applications of Marginal Costing: Top 10 Applications or Uses of Marginal Costing
Marginal costing is the most powerful and popular technique in aid of managerial decision making. It reveals the cost, volume profit relationship in all its ramifications which is useful in profit planning, selling price determination, selection of optimum volume of production, etc. Marginal costing, with its focus on variability of costs and avoidance of overhead apportionment, is so versatile that [...]