Which Statement Is Correct About Variable Costing

question 12

Multiple Choice

Which statement is correct about variable costing?

• A)Under this method, fixed overhead is considered a product cost because production cannot take place without these costs.
• B)Under this method, fixed overhead is considered a period cost because such costs do not vary according to production level.
• C)Under this method, variable overhead is considered a period cost because production cannot take place without these costs.
• D)Under this method, selling costs are considered a product cost because production cannot take place without these costs.

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Definitions:

Transference

A psychological phenomenon in which an individual unconsciously redirects feelings and desires from one person to another, notably discussed in psychoanalysis.

Unconsciously

Pertaining to processes of the mind of which an individual is not aware.

Unconscious Conflict

A struggle or clash of desires or impulses within the subconscious mind, often contributing to psychological tension.

Abnormal Behaviour

Refers to patterns of emotion, thought, and action deemed pathological for various reasons, including discomfort, disability, and violation of social norms.