Examlex
Which of the following is false?
Contribution Format
A type of income statement layout that separates variable costs from fixed costs, highlighting the contribution margin.
Absorption Costing
A technique in cost accounting that incorporates all costs of production, including fixed and variable, into the valuation of inventory and cost of goods sold.
Variable Costing
An accounting method that includes only variable production costs as product costs, treating fixed manufacturing overhead as an expense of the period in which it is incurred.
Unit Product Cost
The total cost associated with producing a single unit of a product, including direct materials, direct labor, and allocated overhead.
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