Question: Show me the steps to solve 2 . Variable costing: assigns ONLY variable manufacturing costs to the product Product costs: direct materials, direct labor, and

Show me the steps to solve 2. Variable costing: assigns ONLY variable manufacturing costs to the product
Product costs: direct materials, direct labor, and variable overhead
Product costs are NOT expensed until the product is sold
Period costs: fixed overhead, selling & administrative expenses
This method is ONLY used ____________ for decision-making

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