Question: What is the main difference between full absorption costing and variable costing? A. Full absorption costing does not recognize variable costs as part of the

What is the main difference between full absorption costing and variable costing?

A. Full absorption costing does not recognize variable costs as part of the product costs.

B. Underfullabsorptioncosting, some fixed costs are included in the product costs and some variable costs are not.

C. Full absorption costing does not recognize fixed costs as part of the product costs.

D. Full absorption costing counts all fixed and variable costs as product costs.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

What is a difference between full absorption costing and variable costing? Multiple Choice In full absorption costing, all of the nonmanufacturing costs are expensed. In variable costing, all of the...

Q:

What is the difference between full absorption costing and variable costing? Variable costing must be used for external financial reports while full absorption costing can only be used for internal...

Q:

What is the difference between full absorption costing and variable costing? A. In full absorption costing, all of the non-manufacturing costs are expensed. In variable costing, all of the...

Q:

#13 What is the difference between full absorption costing and variable costing? Multiple Choice In full absorption costing. fixed manufacturing overhead is included in the cost of the product. In...

Q:

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,...

Q:

What is the difference between full absorption costing and variable costing? A. In full absorption costing, all of the non-manufacturing costs are expensed. In variable costing, all of the...

Q:

1 . Which of the following differentiates absorption costing from variable costing? a . Absorption costing assigns all manufacturing costs to the product, whereas variable costing assigns only...

Q:

Calculator Click to watch the Tell Me More Learning Objective 4 video and then answer the questions below 1. Which of the following differentiates absorption costing from variable costing? a....

Q:

Please answer 1. Objectives of managerial accounting. Ethical issues in managerial accounting. Difference between financial and managerial accounting. theoretical issues 2. Manufacturing costs....

Q:

10. Vademecum, Inc. had an initial baiance in es Accumulated Deprociation of $6,000,000 and a final balance in this account of $5 500,000. This change represents investing use of funds b An operating...

Q:

Some project managers schedule staff meetings as the primary means for planning and control. Do you agree with this philosophy?

Q:

What is the ratio of the gravitational pull of the sun on the moon to that of the earth on the moon? (Assume the distance of the moon from the sun can be approximated by the distance of the earth...

Q:

The liquidity of as asset indicates: its buying power. the case with which it can be cotrverted into cash without a significant loss of value. the case with which it can be cotrverted inso another...

Q:

Questions Q1. Write a Python program to retrieve the first and last colors from the following list: color_list = ["red", "green", "white", "blue", "black") Q2. Given the following dictionary,...