How to prepare Income Statement under Absorption & Variable Costing | Absorption Costing (Basics) |

Discussion on: (i) How to prepare Income Statement under Absorption & Variable Costing
(ii) Basics on Absorption Costing & Variable Costing or Direct Costing

After watching this video you can easily understand how to prepare income statement under absorption & variable costing.
Absorption costing and variable costing system is a very important chapter in the management accounting or in the cost accounting syllabus. In this lecture problem relating to variable costing vs absorption costing is discussed in a very efficient way.
From this video you can learn how to prepare an income statement under absorption costing system and how to prepare an income statement under variable costing. You can understand the differences between absorption costing income statement and variable costing income statement or marginal costing income statement. Variable costing income statement is also known as marginal costing income statement and direct costing income statement.
Marginal costing vs absorption costing is a very much discussed topic in management accounting or cost accounting.
Absorption costing and variable costing is a very important topic for examinations from management accounting or from cost accounting syllabus.
Hopefully these videos relating this chapter will help you a lot for better understanding about absorption costing and variable costing income statement.
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Absorption and Variable Costing Playlist:
   • Absorption & Variable Costing  

Absorption and Variable Costing - Lecture 2
   • How to prepare Income Statement under Abso...  

Absorption and Variable Costing - Lecture 3
   • Absorption Costing| Variable Costing vs Ab...  

Absorption and Variable Costing - Lecture 4
   • Manufacturing overhead under applied-over ...  

Absorption and Variable Costing - Lecture 5
   • Over or Under Allocation of Manufacturing ...  

Absorption and Variable Costing - Lecture 6
   • Solution of an important problem | Absorpt...  

Absorption and Variable Costing - Lecture 7
   • Solving Fixed Manufacturing Overhead Under...  

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