Question: What is a difference between full absorption costing and variable costing? Multiple Choice In full absorption costing, manufacturing and nonmanufacturing expenses are isolated; in variable
What is a difference between full absorption costing and variable costing?
Multiple Choice
In full absorption costing, manufacturing and nonmanufacturing expenses are isolated; in variable costing, variable and fixed expenses are isolated.
In full absorption costing, all of the nonmanufacturing costs are expensed. In variable costing, all of the nonmanufacturing expenses are included in the cost of the product.
In full absorption costing, fixed manufacturing overhead is expensed. In variable costing, fixed manufacturing overhead is included in the cost of the product.
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