Variable Costing Considers Direct Materials,direct Labor,variable Manufacturing Overhead,and Fixed Manufacturing

question 265

True/False

Variable costing considers direct materials,direct labor,variable manufacturing overhead,and fixed manufacturing overhead as product costs.

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Definitions:

Netherlands

A country located in Northwestern Europe known for its flat landscape, extensive canal systems, tulip fields, windmills, and cycling routes.

Belgium

A country in Western Europe known for its medieval towns, Renaissance architecture, and as the headquarters of the European Union and NATO.

Opportunity Cost

The value of the next best alternative foregone as the result of making a decision.

Autarky

A situation or policy whereby a country or economy is self-sufficient and does not engage in international trade.