Which of the Following Statements Is True of Absorption and Variable

question 226

Multiple Choice

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

• 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:

Hyaline Cartilage

A type of strong, flexible connective tissue found in various parts of the body such as the joints, nose, and trachea.

Sinuses

Air-filled cavities located in the bones of the skull, which help moisten, warm, and filter the air we breathe.

Flat Bones

Bones with a thin, flattened shape, primarily involved in protection of vital organs and providing broad surfaces for muscle attachment.

Irregular Bones

Bones that do not fall into the standard shape categories (long, short, flat), having complex shapes that provide protection, support, and leverage, such as the vertebrae.