Variable Costing Regards Fixed Manufacturing Overhead as A(n)

question 262

Multiple Choice

Variable costing regards fixed manufacturing overhead as a(n) :

• A)product cost.
• B)period cost.
• C)inventoriable cost.
• D)administrative cost.

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Definitions:

Symbols

Objects, figures, or characters used to represent abstract concepts, ideas, or phenomena.

Customs

Traditional practices, rules, and ways of behavior that are typical of a particular community or society.

Just World Belief

The cognitive bias to believe that the world is fundamentally fair, leading to the assumption that actions always result in appropriate consequences.

Uncertainty-Identity Theory

A social psychological theory that suggests people join groups to reduce feelings of uncertainty about themselves and the world.