Under absorption costing,all ________ costs are product or inventoriable costs.
A)direct and indirect manufacturing
B)direct manufacturing
C)indirect manufacturing
D)selling and administrative

Question

Quizplus · Accepted Answer

Under absorption costing, all direct and indirect manufacturing costs are considered product costs and are included in the inventory valuation. Selling and administrative costs are not considered product costs and are expensed in the period they are incurred.

Under Absorption Costing,all ________ Costs Are Product or Inventoriable Costs