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Sep 12, 2021 at 4:52 PM Generally accepted accounting principles require...

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Accounting

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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

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