For the Next Questions, Identify the Choice That Contains a Discordant

question 28

Multiple Choice

For the next questions, identify the choice that contains a discordant pair.
-Choose the following pair of results that are discordant.

• A) Oppose/Oppose
• B) Oppose/Favor
• C) Favor/Favor

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Definitions:

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of goods sold and excludes fixed manufacturing overhead.

Absorption Costing

A costing method that includes both variable and fixed manufacturing overhead costs in the cost of a product.

Net Income

The net income a business realizes once it has subtracted all outgoings and fiscal charges from its revenue.

Absorption Costing

A costing method that includes all manufacturing costs - direct materials, direct labor, and both variable and fixed manufacturing overhead - in the cost of a product.