Which of the following statements pertain to both variable costing and absorption costing?
A)The income statement discloses the amount of gross margin generated during the reporting period.
B)Fixed selling and administrative expenses are treated in the same manner as ﬁxed manufacturing
C)Both variable and absorption costing can be used for external ﬁnancial reporting.
D)Variable selling costs are written-off as expenses of the accounting period.
E)Fixed manufacturing overhead is attached to each unit produced.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements pertain to both variable costing and absorption costing?
A)The income statement discloses the amount of gross margin generated during the reporting period.
B)Fixed selling and administrative expenses are treated in the same manner as ﬁxed manufacturing
C)Both variable and absorption costing can be used for external ﬁnancial reporting.
D)Variable selling costs are written-off as expenses of the accounting period.
E)Fixed manufacturing overhead is attached to each unit produced.

Which of the Following Statements Pertain to Both Variable Costing