The Reporting Method That Includes in the Cost of Inventory

question 130

Multiple Choice

The reporting method that includes in the cost of inventory (and cost of goods sold) all product costs,including both fixed and variable costs,is known as:

• A) variable costing.
• B) total costing.
• C) direct costing.
• D) absorption costing.

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Definitions:

Executive Order 11478

Issued by President Nixon in 1969, it mandates equal opportunity in hiring and employment practices for federal employees, regardless of race, color, religion, sex, or national origin.

Affirmative Action

Policies or actions designed to address past discrimination and increase opportunities for historically marginalized groups.

Business Necessity

A legally established reason that allows employers to make decisions that might otherwise be considered discriminatory, such as in hiring or work assignments, if essential for the operation of the business.

Lilly Ledbetter Fair Pay Act

A U.S. law that reinforces workers' rights to fair pay, particularly addressing gender-based pay disparities.