Variable costing utilizes the traditional income statement O O format in computing for net profit or loss. Management accounts must avoid doing actions that can prejudice O O the profession's reputation. Mixed costs contain both fixed and O O variable components. Total variable cost increases O as production O level increase.Absorption costing of period to be used in prepared general purpose financial O O statements under generally accepted accounting standards. Management accounting assists business managers in O O planning, controlling, and decision making. Product and period costs are examples of O O classification of costs by behavior