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Question - Watch the video then discuss the differences between variable and absorption costing. How does variable costing help a company make good management decisions? List some examples of ways in which a business would report items that utilize variable costing models. As always, keep your answers to at least 200 words and make it meaningful. Feel free to include examples from your experience.

YouTube video: Title- Episode 22: Fixed and Variable Costs.

Accounting Basics, Accounting

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