The One Primary Difference Between Variable and Absorption Costing Is

question 21

Multiple Choice

The one primary difference between variable and absorption costing is that under

• A) variable costing, companies charge the fixed manufacturing overhead as an expense in the current period.
• B) absorption costing, companies charge the fixed manufacturing overhead as an expense in the current period.
• C) variable costing, companies charge the variable manufacturing overhead as an expense in the current period.
• D) absorption costing, companies charge the variable manufacturing overhead as an expense in the current period.

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Definitions:

Hidden Curriculum

The lessons, values, and viewpoints that students absorb in school, which are not formally written down or officially taught, and are frequently acquired unintentionally.

Moral Development

The process through which individuals acquire values, behaviors, and thoughts about what is right and wrong.

Moral Behavior

Actions that conform to ethical principles or standards of right conduct.

Customized Approach

Tailored strategies or solutions that are designed to meet the specific needs or preferences of an individual or group.