Which of the following statements if false?
A)In full or absorption costing, all manufacturing costs are charged to the product.
B)Fixed manufacturing costs are not charged to the product under variable costing.
C)Fixed manufacturing overhead is a period cost under absorption costing.
D)Full costing is equivalent to absorption costing.

Question

Quizplus · Accepted Answer

Fixed manufacturing overhead is treated as a product cost under absorption costing, not a period cost. This means it is allocated to the cost of goods sold and inventories, rather than being expensed in the period it is incurred.

Which of the Following Statements If False