Under Absorption Costing and Variable Costing, How Are Variable Manufacturing

question 81

Short Answer

Under absorption costing and variable costing, how are variable manufacturing costs treated? $$\begin{array} { l l l } & \text { Absorption } & \text { Variable } \\\text { a. } & \text { Product Cost } & \text { Product Cost } \\\text { b. } & \text { Product Cost } & \text { Period Cost } \\\text { c. } & \text { Period Cost } & \text { Product Cost } \\\text { d. } & \text { Period Cost } & \text { Period Cost }\end{array}$$

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Definitions:

Stimulus

Anything in the environment that elicits a response from an organism.

Symbolic Functioning

The ability of a person, typically developing in early childhood, to use symbols, signs, or objects to represent something that is not physically present.

Sensorimotor Period

The first stage of Jean Piaget's theory of cognitive development, occurring from birth to about 2 years of age, where infants learn through interacting with their environment.

Goal-Directed Behavior

Action taken by an individual that is intended to lead to the achievement of a specified outcome or goal.