In Absorption Costing, Costs Are Separated into the Major Categories

question 108

Multiple Choice

In absorption costing, costs are separated into the major categories of_____.

• A)manufacturing and nonmanufacturing
• B)manufacturing and fixed
• C)fixed and variable
• D)variable and nonmanufacturing

---

Definitions:

Price L

A symbolic representation often used in economic models to denote the price of a particular good or service, labeled "L".

Output

The amount of goods or services produced by a company, industry, or economy.

Deer

A type of wild or farmed animal with antlers that is often hunted for sport, meat, or for its skin.

Plastic

A synthetic material made from a wide range of organic polymers such as polyethylene, PVC, nylon, etc., that can be molded into shape while soft and then set into a rigid or slightly elastic form.