Under Generally Accepted Accounting Principles (GAAP),fixed manufacturing overhead costs are allocated as an inventoriable cost to the output units produced.

Question

Quizplus · Accepted Answer

According to GAAP, fixed manufacturing overhead costs are allocated as an inventoriable cost to the output units produced. This means that these costs are included in the inventory value of the products and are only expensed when the products are sold.

Under Generally Accepted Accounting Principles (GAAP),fixed Manufacturing Overhead Costs Are