Variable Costing

question 58

Multiple Choice

Variable costing

• A) is used for external reporting purposes.
• B) is required under GAAP.
• C) treats fixed manufacturing overhead as a period cost.
• D) is also known as full costing.

---

Definitions:

Hard Work

The use of considerable effort, endurance, and diligence in accomplishing tasks or achieving goals.

Emotional Intelligence

The competence to perceive, control, and communicate personal emotions, alongside managing relationships with others thoughtfully and compassionately.

Senior Management Positions

Roles at the highest level of organizational hierarchy, responsible for strategic decision-making, directing operations, and ensuring overall success.

Integrity

What one shows when one acts with honesty, credibility, and consistency in putting values into action.