When Determining the Product Costs for Long-Term Production Planning,________

question 144

Multiple Choice

When determining the product costs for long-term production planning,________.

• A)the research and development cost of the product should be ignored
• B)variable costing is more appropriate
• C)absorption costing is more appropriate
• D)the selling and administrative expenses should be ignored

---

Definitions:

Physical

Relating to the body as opposed to the mind, or relating to material things.

Social

Relating to society or its organization, emphasizing the interaction and relationships of individuals within a community.

Psychiatrist

A medical doctor specialized in diagnosing, preventing, and treating mental illnesses.

Mind

The aspect of intellect and consciousness experienced as combinations of thought, perception, memory, emotion, will, and imagination, including all unconscious cognitive processes.