The Main Difference Between Variable Costing and Absorption Costing Is

question 59

True/False

The main difference between variable costing and absorption costing is the way in which fixed manufacturing costs are accounted.

---

Definitions:

Computer Literacy Rate

The percentage of the population that has an understanding of computers and their functionality, often including the ability to use software and internet applications.

Per Capita GDPs

The average economic output per person, calculated by dividing the Gross Domestic Product of a country by its total population.

Less Developed Countries

Nations with low levels of economic resources, industrialization, and Human Development Index ratings compared to other countries.

Economic Development

The progress in economic and social well-being including higher income, improved standards of living, and reduction of poverty.