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Figure 27.4
Identify the labeled structure(s) in each of the following questions.
-Identify the structure indicated by Label W.
Variable Costing
A cost accounting method that includes only variable production costs in unit product costs, and treats fixed costs as period expenses that are charged against revenue in the period they are incurred.
Variable Costs
Costs that change in proportion to the level of goods or services a business produces.
Variable Costing
An accounting method that only includes variable production costs (costs that change with output level) in the cost of goods sold and inventory valuation.
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