Supratim posted an Question
May 05, 2020 • 13:45 pm 10 points
  • IIT JAM
  • Biotechnology (BT)

Absorption costing is total costing or historical costing or both?

absorption costing is total costing or historical costing or both?

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  • Abhijeet Gaurav best-answer

    Both Total costing & Historical costing. Absorption costing means that all the manufacturing cost i.e. raw material, direct labor, direct expenses and overheads are absorbed by the units produced. Costs includes fixed as well as variable both. Absorption costing is also known as Total costing.

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