What Is the Difference Between Full Absorption Costing and Variable

question 93

Multiple Choice

What is the difference between full absorption costing and variable costing?

• A)In full absorption costing,all of the non-manufacturing costs are expensed.In variable costing,all of the non-manufacturing expenses are included in the cost of the product.
• B)In full absorption costing,fixed manufacturing overhead is expensed.In variable costing,fixed manufacturing overhead is included in the cost of the product.
• C)In full absorption costing,fixed manufacturing overhead is included in the cost of the product.In variable costing,fixed manufacturing overhead is expensed.
• D)Variable costing must be used for external financial reports while full absorption costing can only be used for internal reporting.

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Definitions:

Sequencer Instruction

A programmable logic controller instruction used to execute a sequence of events or operations in a specific order.

Output Module

An output module is a component in a control system that interfaces the controller with the output devices, facilitating control actions.

Sequencer File

A file or data structure used in programming PLCs (Programmable Logic Controllers) to manage a sequence of operations or instructions.

Shift Registers

Digital circuits that shift the data stored within them by one position either to the right or left when a control signal is applied.