Under Variable Costing, Only Variable Production Costs Are Treated as Product

question 192

True/False

Under variable costing, only variable production costs are treated as product costs.

---

Definitions:

Specific Gravity

A metric indicating the ratio of the density of a substance to the density of a reference substance.

Rated CCA

Cold Cranking Amps rating, indicating a battery's ability to start an engine in cold temperatures.

Acceptable Voltage

The range of voltage within which an electrical device or system operates safely and effectively.

84-factor Method

A calculation method used in determining vehicle registration fees based on a combination of the vehicle's weight and other factors.