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 150-250 words and make it meaningful. Feel free to include examples from your experience.

put in browser YouTube URL: http://www.youtube.com/watch?v=nQ5APwtB-ig