Variable Costing (the Variable Costing method in Managerial Accounting)

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This video explains the Variable Costing method that some manufacturing firms use internally to compute product costs and calculate cost of goods sold. An example is provided to illustrate how to use Variable Costing to calculate the product cost per unit and to create a Variable Costing Income Statement. The video also discusses the difference between Variable Costing and Absorption Costing and explains why Variable Costing is in many ways superior to Absorption Costing. Edspira is your source for business and financial education. To view the entire video library for free, visit http://www.Edspira.com To like us on Facebook, visit https://ift.tt/2KTB60V Edspira is the creation of Michael McLaughlin, who went from teenage homelessness to a PhD. The goal of Michael's life is to increase access to education so all people can achieve their dreams. To learn more about Michael's story, visit https://ift.tt/2J87Nua To follow Michael on Facebook, visit https://ift.tt/2GPGCyZ To follow Michael on Twitter, visit https://twitter.com/Prof_McLaughlin
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