Under Absorption Costing and Variable Costing, How Are Fixed Manufacturing

question 96

Short Answer

Under absorption costing and variable costing, how are fixed 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:

Channels

Natural or artificial waterways used for navigation or irrigation, vital for transport and agriculture.

Radar Image

A digital representation of an object or landscape produced by the reflection of radar waves.

Hematite

A mineral form of iron(III) oxide (Fe2O3), typically a reddish-black color, which is an important ore of iron.

Feldspar

A group of rock-forming silicate minerals that make up about 41% of the Earth's continental crust by weight.