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Can Marginal costing statement of P&L and Absorbtion costing statement of P&L prepared on monthly basis. Or these are always prepared yearly.
Because it is a little confusing with marginal costing, Where the fixed cost is charged as period cost every period, where I don’t know the period is monthly or annualy.
Louis: Please do not answer questions in this forum because it is the Ask the Tutor Forum and you are not the tutor (but please do help people in the other Paper MA forum).
Lokeshdh00: The statements can certainly be prepared monthly (and usually are in real life). In exam questions it will be made clear how much the fixed cost per period is.
Have you watched my free lectures on marginal and absorption costing because I do prepare the statements monthly in the lecture example?
The lectures are a complete free course for Paper MA and cover everything needed to be able to pass the exam well.
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