Marginal costing is also known as ........

Costing - Phase (I & II) Methods of Costing

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Marginal costing is also known as:

Indirect costing

Direct costing

Variable costing

Both (b) and (c)

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Explanation:

Marginal costing or variable Costing is a costing technique wherein the marginal cost, i.e. variable cost is charged to units of cost, while fixed cost for the period is completely written off against the contribution. All the decisions are taken on the basis of variable cost and contribution. Fixed cost is used only to calculate profits.

In UK, this is called marginal costing

In US,it is commonly known as direct costing, variable costing or contribution costing.