Variable Costing Is Used for External Reporting Purposes,and Absorption Costing

question 179

True/False

Variable costing is used for external reporting purposes,and absorption costing is used for internal decision-making purposes.

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Definitions:

Age

The length of time that a person or object has been alive or in existence.

Teenage Pregnancies

Refers to pregnancies that occur in individuals who are between the ages of 13 and 19.

Unintended

Something not planned or meant to happen; outcomes or effects that are unforeseen.

Industrialized Countries

Nations characterized by a high level of development and a strong economy, with a significant emphasis on manufacturing and technology.