Briefly Explain Why Many Companies Use Absorption Costing for External

question 13

Essay

Briefly explain why many companies use absorption costing for external reporting as well as internal accounting.

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Definitions:

Filial Responsibility

The duty or obligation of a child to care for their aging parents.

Surrogate Parenting

An arrangement where a woman carries and gives birth to a child for another person or couple, who will become the child's parents after birth.

Family Ethics

Guidelines and moral principles that govern the behavior and decisions within a family unit.

Public Policy Debates

Discussions and arguments about laws, regulations, and policies that govern collective societal behavior.