In variable costing,all fixed manufacturing overhead costs are expensed in the period incurred.

Name: In variable costing,all fixed manufacturing overhead costs are expensed in the period incurred.
Brand: Quizplus
Rating: 4.9 (34 reviews)

Question

Quizplus · Accepted Answer

Variable costing only includes variable manufacturing costs in the calculation of cost of goods sold. Fixed manufacturing overhead costs, such as rent and utilities, are expensed in the period incurred under variable costing, rather than being included in the cost of goods sold.

In Variable Costing,all Fixed Manufacturing Overhead Costs Are Expensed in the Period