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:

Demographic Shift

Changes in the composition of a population over time, including factors like age, race, or economic status, that can affect society and the economy.

Critical Sociologists

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Power

Power refers to the capacity or ability of an individual or group to influence, control, or direct the behavior of others or the course of events.

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