While Using Variable Costing Format of Income Statement, Which of the Following

question 79

Multiple Choice

While using Variable Costing format of income statement, which of the following is not included in product costs?

• A)Variable manufacturing overhead.
• B)Direct labour.
• C)Fixed manufacturing overhead.
• D)Direct materials.

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Definitions:

Covalent Bond

A type of chemical bond where two atoms share one or more pairs of valence electrons to achieve stability.

Intermolecular

Relating to or occurring between molecules, such as forces that govern the interactions and phase changes of substances.

Intramolecular

Describes forces or reactions occurring within a single molecule, as opposed to between different molecules.

Intermolecular Forces

The forces which mediate interaction between molecules, including hydrogen bonding, dipole-dipole interactions, and dispersion forces.