The Label Typically Appears Either Above or ____ the Text

question 699

Multiple Choice

The label typically appears either above or ____ the text box.

• A) to the left of
• B) to the right of
• C) under
• D) on top of

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Definitions:

Variable Costing

A pricing approach that incorporates only variable production expenses—such as direct materials, direct labor, and variable manufacturing overhead—into the cost of products.

Absorption Costing

A costing method that assigns all manufacturing costs, both fixed and variable, to products.

Net Income

The total earnings of a company after subtracting all expenses from revenue.

Variable Costing

A costing method that includes only variable manufacturing costs—direct materials, direct labor, and variable manufacturing overhead—in the cost of a product.