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Production costing techniques ( Question and Answer )

In this video, I explained two important Production Costing Techniques — Marginal Costing and Absorption Costing — in a simple and practical way. You will understand the key differences between these two methods, how each treats fixed and variable costs, and how they affect profit calculation and decision-making. I also break down how marginal costing helps in short-term decisions and contribution analysis, while absorption costing includes fixed production overhead in product cost as required for financial reporting. This lesson is ideal for SHS students, university students, ICA candidates, and anyone studying Cost or Managerial Accounting. Watch till the end to clearly understand when to use each method and how they impact business performance. Don’t forget to like, share, and subscribe for more simplified Accounting and Finance lesson