Question: Which of the following is a key difference between variable costing and absorption costing? Under variable costing, fixed manufacturing overhead is treated as a period

Which of the following is a key difference between variable costing and absorption costing?
Under variable costing, fixed manufacturing overhead is treated as a period expense.
Absorption costing treats variable manufacturing overhead as a period cost.
Absorption costing treats fixed manufacturing overhead as a period cost.
Variable costing includes both variable and fixed costs in the cost of goods sold.

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