BOTH Variable-Costing and Absorption-Costing Include ________ as Product Costs

question 72

Multiple Choice

BOTH variable-costing and absorption-costing include ________ as product costs.

• A) indirect manufacturing costs
• B) variable selling and administrative expenses
• C) fixed selling and administrative expenses
• D) direct manufacturing costs

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Definitions:

Confirmatory Factor Analysis

A statistical technique used to verify the factor structure of a set of observed variables.

Experiment

A scientific procedure undertaken to make a discovery, test a hypothesis, or demonstrate a known fact through controlled observation.

Physical Mechanisms

Processes or functions within a physical system that bring about a particular outcome or effect.

Empirical Reasoning

That process of thinking that proceeds from premises describing interpersonally verifiable experiences in order to support or to disconfirm hypotheses, which, in turn, are intended to explain and predict phenomena. Empirical reasoning is fundamentally inductive, self-corrective, and open to scrutiny and independent verification by the entire scientific community.