On which type of income statement does each of the following costs appear?
-Fixed factory overhead for units sold
A)Variable costing income statement
B)Absorption costing income statement
C)Both types of income statements

Question

Quizplus · Accepted Answer

Fixed factory overhead for units sold is a product cost and is included in the cost of goods sold on the absorption costing income statement. This cost is not included in the variable costing income statement, which only includes variable manufacturing costs as product costs.

On Which Type of Income Statement Does Each of the Following