Absorption costing is also referred to as variable costing.

Name: Absorption costing is also referred to as variable costing.
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Absorption costing is not the same as variable costing, and the two terms represent different costing approaches. In absorption costing, all costs incurred in the production process are included in the cost of the product, including fixed manufacturing overhead costs. In contrast, in variable costing, only variable costs of production are included in the cost of the product.

Absorption Costing Is Also Referred to as Variable Costing