Question: Under the variable costing approach, how do you account for fixed manufacturing overhead? None of these are correct It is prorated between the income statement

Under the variable costing approach, how do you account for fixed manufacturing overhead? None of these are correct It is prorated between the income statement and balance sheet based on how many units are produced versus sold in the period It remains on the balance sheet and is carried forward as inventory It is fully expensed directly to the income statement in the period incurred

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