Variable Costing Is Used for External Reporting Purposes,and Absorption Costing

question 179

True/False

Variable costing is used for external reporting purposes,and absorption costing is used for internal decision-making purposes.

---

Definitions:

Jurors' Reactions

The responses or behaviors of jury members during or after a trial, which can influence the outcome of legal proceedings.

Witness's Testimony

The oral or written statement provided by a witness under oath as evidence in legal proceedings.

Paralegals

Trained legal assistants who perform various tasks to support lawyers, including research and document preparation.

Out-of-Court Resolution

Describes the process of resolving legal disputes without going to trial, typically through mediation or arbitration.