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Technique used for inventory control-
Absorption Costing
Marginal Costing
Traditional Costing
Integrated Accounting System
ABC Analysis
- Option 1: Absorption Costing
- Focuses on allocating fixed and variable manufacturing costs to products.
- Not typically used for inventory control.
- Option 2: Marginal Costing
- Considers only variable costs for decision-making.
- Primarily used in internal decision-making, not inventory control.
- Option 3: Traditional Costing
- Allocates overhead costs based on a predetermined rate.
- More about cost allocation than inventory control.
- Option 4: Integrated Accounting System
- Combines financial and cost accounting in one system.
- Useful for overall financial management, not specific to inventory control.
- Option 5: ABC Analysis
- Prioritizes inventory items based on their importance and value.
- Focuses on managing inventory effectively.
- Correct technique for inventory control.
By: Parvesh Mehta ProfileResourcesReport error
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