Which of the following costing methods charges all manufacturing costs to its products?
A)Direct costing
B)ABC costing
C)Variable costing
D)Absorption costing
E)Period costing

Question

Quizplus · Accepted Answer

Absorption costing charges all manufacturing costs, including direct materials, direct labor, and both variable and fixed manufacturing overhead, to its products. This method is also required by GAAP for external reporting purposes.

Which of the Following Costing Methods Charges All Manufacturing Costs