Multiple Choice
Which of the following statements if false?
A) In full or absorption costing, all manufacturing costs are charged to the product.
B) Fixed manufacturing costs are not charged to the product under variable costing.
C) Fixed manufacturing overhead is a period cost under absorption costing.
D) Full costing is equivalent to absorption costing.
Correct Answer:
Verified
Correct Answer:
Verified
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Q22: Absorption costing<br>A)is preferred to variable costing for
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Q24: Under absorption costing<br>A)only direct variable manufacturing costs
Q26: Which of the following is false?<br>A)When units
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Q29: Under variable costing<br>A)only direct variable manufacturing costs
Q30: When comparing absorption and variable costing which