Under Variable Costing,fixed Manufacturing Overhead Is Expensed at the Time

question 148

True/False

Under variable costing,fixed manufacturing overhead is expensed at the time the units are produced.Under absorption costing,fixed manufacturing overhead is expensed at the time the units are sold.

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Definitions:

Condition Subsequent

A condition in a contract that, upon its occurrence, terminates or modifies the rights or obligations of the parties involved.

Market Survey

A study conducted to collect information about consumers' preferences, behaviors, and the market for a particular product or service.

Short Of Cash

A situation where an individual or organization does not have enough money available to meet immediate or short-term financial obligations.

Condition Subsequent

A condition in a contract that, if it occurs, terminates the contract or an obligation under the contract.