What Costs Are Treated as Product Costs Under Variable Costing

question 21

Multiple Choice

What costs are treated as product costs under variable costing?

• A) Only variable costs.
• B) Only variable production costs.
• C) All variable costs.
• D) All variable and fixed manufacturing costs.

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Definitions:

Imagination

The ability of the mind to be creative or resourceful, forming new ideas or concepts of external objects not present to the senses.