An allocated portion of fixed manufacturing overhead is included in product costs under which of the following?
$\begin{array}{|l|l|}
\hline \text { Absorption Costing } & \text { Variable Costing } \
\hline \text { A) No } & \text { No } \
\hline \text { B) No } & \text { Yes } \
\hline \text { C) Yes } & \text { No } \
\hline \text { D) Yes } & \text { Yes } \
\hline
\end{array}$
A) Option A
B) Option B
C) Option C
D) Option D

Question

Quizplus · Accepted Answer

Absorption costing includes both variable costs and fixed manufacturing overhead in the cost of a product, whereas variable costing includes only the variable costs.

An Allocated Portion of Fixed Manufacturing Overhead Is Included in Product