The Table That Follows Denotes Selected Characteristics of Absorption Costing

question 9

Essay

The table that follows denotes selected characteristics of absorption costing and/or variable costing.
$\begin{array} { | l | l | l | } \hline { \text { Characteristic } } & \text { Absorption Costing } & \text { Variable Costing } \\\hline \text { Product cost: } & & \\\hline \text { Direct materials } & & \\\hline \text { Direct labour } & & \\\hline \text { Variable manufacturing overhead } & & \\\hline \text { Fixed manufacturing overhead } & & \\\hline \text { Period cost: } & & \\\hline \text { Variable selling and administrative cost } & & \\\hline \text { Fixed selling and administrative cost } & & \\\hline \text { Fixed manufacturing overhead } & & \\\hline \text { Income statement disclosure/ andience: } & & \\\hline \text { Gross margin } & & \\\hline \text { Contribution margin } & & \\\hline \text { Lower net income when inventories rise } & & \\\hline \text { External financial-statement users } & & \\\hline\end{array}$ Required:
Evaluate each product-cost, period-cost, and income-statement/disclosure characteristic and determine whether it relates to absorption costing, variable costing, or both methods. Place an "X" in the proper column.

Identify measures for assessing gender disparities and their importance.

Recognize legal principles related to gender equality in the workplace.

Understand the complex relationship between gender discrimination, pay gap, and employment inequity.

Analyze the role of childcare and employment policies in gender equality in the labor force.

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Definitions:

Preexisting Duty

An obligation that a party is already bound to by law or by some other agreement. The party may not use this as consideration in a new contract.

Promissory Estoppel

A judicial principle that stops one from retracting a pledge given to another if the latter has justifiably depended on the promise to their disadvantage.

Disputed Amounts

Refers to the sums of money under contention between parties in transactions or contracts, often leading to negotiation or legal actions.

Satisfaction

The agreed-to settlement as contained in an accord.