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A-Level Accounting
Chapter 33: Marginal Costing
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Pearl Xu
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Cards (5)
Marginal Costings
is the cost of producing one
extra unit
of
output.
Direct cost
is a cost that is directly involved in the production of a specific good or service
Indirect cost
are costs that are
not directly tied
to a specific product or service but are
necessary
for the overall operation of the business.
Variable cost
are cost that
changes
directly with the level of
output
Fixed cost
are cost that doesn't change with the
level
of
output
