Match Each of the Following Descriptions with the Appropriate Costing

question 24

Short Answer

Match each of the following descriptions with the appropriate costing concept (a-c).
-Treats fixed selling cost as a period cost
A)Absorption costing only
B)Variable costing only
C)Both absorption and variable costing

• A)Absorption costing only
• B)Variable costing only
• C)Both absorption and variable costing

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Definitions:

Transportation Model

A type of optimization model used in logistics that determines the most efficient way to distribute goods from several suppliers to multiple destinations.

Degeneracy

A situation in linear programming where more than one solution can lead to the optimal value, or when small changes to the coefficients greatly affect the solution's outcome.

Closed Path

In graph theory, a path that starts and ends at the same vertex without traversing the same edge more than once.

Satisfactory Solutions

Decisions or outcomes that meet the minimum requirements or criteria for acceptance, often applied in contexts of limited information or resources.