Question: Question 11 (2 points) Under the absorption costing approach, how do you account for fixed manufacturing overhead? Expense the full amount in the period incurred

Question 11 (2 points) Under the absorption costing approach, how do you account for fixed manufacturing overhead? Expense the full amount in the period incurred directly to the income statement It remains on the balance sheet None of these It is prorated between the income statement and balance sheet based on how many units are produced versus sold in the period

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