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    jstandoff's Avatar
    jstandoff Posts: 1, Reputation: 1
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    #1

    Nov 16, 2008, 09:30 PM
    Variable and absorption methods of costing
    What are the benefits and disadvantages of using the variable and absorption methods of costing?
    MF Controller's Avatar
    MF Controller Posts: 25, Reputation: 2
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    #2

    Nov 17, 2008, 09:19 AM

    absorption gives you visibility of how much you went over/under statndard costs. And variable gives you visibility of how much it costs you to produce the item directly.
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