What are the major differences between variable and absorption costing?
The major difference between variable costing and absorption costing is in the way each defines product cost. While absorption costing includes fixed manufacturing overhead as a product cost, variable costing treats it as a cost of the period. A secondary difference between the two methods is the format of the income statement. Absorption costing utilizes the traditional income statement format that categorizes costs by their function only. Variable costing uses an income statement format that categorizes costs by both their function and behavior.
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Answer the following statement true (T) or false (F)
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A) content sponsorships B) digital billboards C) digital catalogs D) contextual advertisements E) RSS feeds
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Ethnocentrism is inherent in all cultures
Indicate whether the statement is true or false