Variable costing is a method of inventory costing in which all variable manufacturing costs (direct and indirect)are included as inventoriable costs.

Name: Variable costing is a method of inventory costing in which all variable manufacturing costs (direct and indirect)are included as inventoriable costs.
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Question

Quizplus · Accepted Answer

This statement is true. In variable costing, only variable manufacturing costs are included as inventoriable costs, while fixed manufacturing costs are expensed in the period they are incurred.

Variable Costing Is a Method of Inventory Costing in Which