Fixed factory overhead costs are included as part of the cost of products manufactured under the absorption costing concept.

Name: Fixed factory overhead costs are included as part of the cost of products manufactured under the absorption costing concept.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under the absorption costing concept, all manufacturing costs including fixed factory overhead costs are allocated to the products, making them part of the cost of products manufactured.

Fixed Factory Overhead Costs Are Included as Part of the Cost