Which of the Following Is True of Variable Costing

question 207

Multiple Choice

Which of the following is true of variable costing?

• A) It expenses administrative costs as cost of goods sold.
• B) It treats direct manufacturing costs as a product cost.
• C) It includes fixed manufacturing overhead as an inventoriable cost.
• D) It is required for external reporting to shareholders.

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Definitions:

Misappropriation

The unauthorized use of another's name, likeness, or property without permission, typically for one's own benefit or advantage.

Lanham Act

A federal statute that provides a national system of trademark registration and protection in the United States, aimed at preventing consumer confusion and protecting the goodwill associated with trademarks.

Unfair Practices

Actions conducted by businesses or individuals that are dishonest, deceptive, or unethical, often violating consumer rights.

Intentional Interference

Deliberate actions by a person intended to disrupt or interfere with another's contractual or business relationships.