Management may use both absorption and variable costing methods for analyzing a particular product.

Name: Management may use both absorption and variable costing methods for analyzing a particular product.
Brand: Quizplus
Rating: 4.9 (39 reviews)

Question

Quizplus · Accepted Answer

Management can use both absorption costing (which includes all manufacturing costs in product cost) and variable costing (which includes only variable manufacturing costs in product cost) for internal analysis, decision-making, and performance evaluation of a product.

Management May Use Both Absorption and Variable Costing Methods for Analyzing