The total amount reported on an income statement for selling and administrative expenseis the same amount regardless if variable of full costing is used..

Question

Quizplus · Accepted Answer

The total amount reported for selling and administrative expense does not change regardless of whether variable or full costing is used. Both methods will include all selling and administrative expenses incurred during the reporting period. However, the way these expenses are allocated to products may differ between the two methods.

The Total Amount Reported on an Income Statement for Selling