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.

---

Definitions:

Objective Features

Characteristics of an object or environment that exist independently of personal feelings, opinions, or perceptions.

Paralinguistics

The study of non-verbal elements of communication used to convey emotion and nuance, including tone of voice, loudness, rate, and pitch.

Subjective Vitality

Individual group members’ representation of the objective ethnolinguistic vitality of their group.

Social Psychologists

Scientists who study how individuals think, feel, and behave in social contexts.