Classify each of the costs below as either a product cost or a period cost under (a)
Question:
Classify each of the costs below as either a product cost or a period cost under
(a) Absorption costing
(b) Variable costing.
Transcribed Image Text:
Cost Direct materials. Direct labor.... Variable overhead.. Fixed overhead. Variable selling and administrative expenses. Fixed selling and administrative expenses......... Amount $3 per unit $5 per unit $2 per unit $200,000 per year $0.50 per unit $100,000 per year Absorption Costing Variable Costing
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Absorption costing Under absorption costingall manufacturing costsboth variable and fixedare conside...View the full answer
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