When Using Variable Costing,period Costs Consist of

question 32

Multiple Choice

When using variable costing,period costs consist of

• A)selling and administrative costs.
• B)administrative costs and fixed manufacturing overhead
• C)fixed and variable manufacturing overhead.
• D)selling and administrative costs as well as fixed manufacturing overhead.

---

Definitions:

Hypothesized Reason

An assumed explanation or cause developed for the purpose of testing through research or experimentation.

Statistical Significance

Indicates that the observed results are unlikely to have occurred by chance, according to a predefined level of significance.

Type I Error

The statistical mistake of rejecting a true null hypothesis, also known as a "false positive."

Type II Error

The error that occurs when one fails to reject a false null hypothesis, also known as a false negative.