Question: What is the basic difference between absorption costing and variable costing? a) Under absorbtion costing,fixed manufacturing overhead is treated as a product cost. b) Under

What is the basic difference between absorption costing and variable costing?

a) Under absorbtion costing,fixed manufacturing overhead is treated as a product cost.

b) Under variable costing, fixed manufacturing overhead is treated as a product cost

c) Under absorption costing, fixed manufacturing overhead is treated as a period cost

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