Which of the Following Statements Is True of Absorption and Variable

question 68

Multiple Choice

Which of the following statements is true of absorption and variable costing systems?

• A)Both costing methods consider selling and administrative costs to be period costs.
• B)Variable costing considers variable selling and administrative costs to be product costs.
• C)Absorption costing considers fixed manufacturing overhead to be period costs.
• D)Both costing methods consider fixed manufacturing overhead to be product costs.

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Definitions:

Otorhinolaryngologist

An otorhinolaryngologist is a medical specialist focused on the diagnosis and treatment of disorders related to the ear, nose, and throat, commonly referred to as an ENT doctor.

Emergency Medical Technician

A trained professional who provides emergency medical services and care before reaching a healthcare facility.

Triage Assistant

A person or technological tool that prioritizes patients' treatments based on the severity of their condition.

Emergency Responder

A professional trained to provide immediate assistance in case of emergencies, including accidents, natural disasters, or medical crises.