Variable Costing

question 83

Multiple Choice

Variable costing:

• A)expenses administrative costs as cost of goods sold
• B)treats direct manufacturing costs as a product cost
• C)includes fixed manufacturing overhead as an inventoriable cost
• D)is required for external reporting to shareholders

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Definitions:

Teams

Groups of individuals working collaboratively towards a common goal or objective, leveraging diverse skills and perspectives.

Employees

Individuals who are hired by an organization to perform specific duties in exchange for compensation, forming the workforce of the company.

Globalization

The process of interaction and integration among people, companies, and governments worldwide, characterized by global economic, cultural, and political exchange.

Multinational Corporations

Large companies that operate in multiple countries, often influencing global trade patterns and economic dynamics.