Question: What is variable costing? A method that includes only the variable costs directly associated with production and excludes fixed costs A method that assigns only
What is variable costing?
A method that includes only the variable costs directly associated with production and excludes fixed costs
A method that assigns only fixed costs to the product and excludes variable costs
A method that includes both fixed and variable costs in the cost of manufacturing a product
A costing method required for external financial reporting under GAAP
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