Full costing income is a function of
A)units sold only.
B)units produced only.
C)both units sold and units produced.
D)neither units sold nor units produced.

Question

Quizplus · Accepted Answer

Full costing income considers both units sold and units produced. Full costing includes all the costs involved in producing a product or service, such as direct materials, direct labor, and overhead costs. These costs are then allocated to each unit produced, and the total cost per unit is calculated. This cost per unit is then used to determine the selling price of the product or service. Therefore, both units sold and units produced are important factors in calculating full costing income.

Full Costing Income Is a Function of