Asked by Jaida McNair on May 21, 2024
Verified
Treats fixed selling cost as a period cost
A)Absorption costing only
B)Variable costing only
C)Both absorption and variable costing
Period Cost
Costs that are expensed in the period in which they are incurred, not directly tied to production activities.
Fixed Selling Cost
Expenses that do not change with the level of goods or services sold, such as salaries of sales personnel and rent of the sales space.
- Acquire knowledge on variable costing and its role in shaping business decisions.
Verified Answer
NH
Learning Objectives
- Acquire knowledge on variable costing and its role in shaping business decisions.
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