title: COSTING A HOSPITAL SERVICE PRODUCT: MARGINAL Vs ABSORPTION COSTING.
abstract: Costing a service product is a challenging but important tool for cost control. Different methods used for costing may provide varying costs and the choice of the method used becomes important. Use of absorption costing and marginal costing method and treatment of labour cost as variable and fixed cost provided different results in the present study of the cost of below knee patellar tendon bearing prosthesis. The study shows that marginal costing should also be done along with the absorption cost as it provides better indicator for cost control.
authors.affiliation: Commanding Officer, 305 Field Ambulance, C/o 99 APO.
authors.forename: P K
authors.initials: PK
authors.lastname: Gupta
authors.affiliation: Professor and Head, Department of Hospital Administration, Armed Forces Medical College, Pune - 411 040.
authors.forename: N K
authors.initials: NK
authors.lastname: Parmar
keywords: Absorption Costing; Cost Control; Marginal Costing; Prosthesis