Question: Hi, I'm trying to understand variable and absorption - costing income statements. Do these income statements include all period expenses ? I am using the

Hi,

I'm trying to understand variable and absorption - costing income statements.

Do these income statements include all period expenses ?

I am using the amount of units produced to as indirect cost rate for all indriect manufacturing costs.

Do i include all of the admin expneses and non product expenses in this income statement? or is it strictly about product costs ?

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!