Category Bookkeeping

The only difference is that they are offered by credit unions rather than banks. While banks pay interest, credit unions are not for profit and generally pay dividends, which are the credit union’s way of sharing their profits with members.…

By assigning these fixed costs to cost of production as absorption costing does, they’re hidden in inventory and don’t appear on the income statement. Absorption costing and variable costing are two different methods of costing that are used to calculate…