Sep 12, 2021 at 4:52 PM Generally accepted accounting principles require...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Sep 12, 2021 at 4:52 PM Generally accepted accounting principles require companies to use absorption costing for external reporting. Some companies use variable costing for internal decision-making. What is the difference in absorption costing versus variable costing? What is the major rationale for using variable costing? What potential problems are associated with the use of absorption costing. Your response should contain at least 100 words. In your feedback to another student, provide substantive comments, including a critique of their explanation
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
