Choose A or B

The main difference between Absorption Costing and Marginal Costing is in the way they classify costs between product costs and period costs. Required For the costs given below, indicate whether the cost would be a product cost or a period cost under the costing method indicated. Absorption Costing Variable Manufacturing Overhead Answer a) Product costs b) Period costs Marginal Costing Fixed Administrative Expenses Answer a) Product costs b) Period costs