Absorbtion costing.

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January 20, 2011 at 3:58 pm #47218
danielebagot
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In valuing the closing stock, you will use the variable production cost and fixed cost to do so right????
January 23, 2011 at 2:12 pm #76508
abdulwahabsiddiq
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Absorption costing is about absorbing fixed overheads. Variable overhead is a part of prime cost.
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