What Does Excision Mean

question 218

Multiple Choice

What does excision mean?

• A) Cutting into
• B) Cutting out
• C) Surgical repair
• D) Suture

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Definitions:

Variable Costing

A costing approach in which only variable manufacturing costs are product costs, and fixed manufacturing costs are period costs (expenses).

Absorption Costing

A costing approach in which all manufacturing costs are charged to the product.

Variable

An element, feature, or factor that is subject to change, often used in financial analysis, statistics, and scientific research.

Absorption

In accounting, it refers to the process of incorporating all costs of production into the value of a product, including both direct and indirect expenses.