COST ACCOUNTING
VARIABLE COSTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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What cot are treated as product costs under variable costing?
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all variable costs
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all direct costs only
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all manufacturing costs
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only variable production costs
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Explanation:
Detailed explanation-1: -Product costs under variable costing include only variable manufacturing costs. Absorption costing accounts for fixed manufacturing overhead as a product cost. Variable costing accounts for fixed manufacturing overhead as a period cost.
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