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    				| 1. | What do you understand by marginal costing? state its usefulness as a tool for corporate decisions. | 
| Answer» The important ADVANTAGES of Marginal Costing are:(B) Eliminating of fixed overheads from the cost of production prevents the EFFECT of varying charges per unit, and ALSO prevents the carrying FORWARD of a portion of the fixed overheads of the current period to the subsequent period. | |