All of the Following Costs Are Included in Inventory Under

question 24

Multiple Choice

All of the following costs are included in inventory under absorption costing EXCEPT

• A)direct materials.
• B)direct labour.
• C)fixed selling expenses.
• D)fixed factory overhead.

---

Definitions:

Lifestyle

The way in which a person or group lives, encompassing behaviors, attitudes, and values.

Restraint

A measure or condition that keeps someone or something under control or within limits.

Genuineness

The quality of being open, honest, and sincere in one's interactions with others.

Self-editing

The process of reviewing and revising one's own written work or content to improve clarity, quality, and effectiveness before presenting it to others.