Inventory under absorption costing includes direct materials,direct labour,variable factory overhead,and fixed factory overhead.

Name: Inventory under absorption costing includes direct materials,direct labour,variable factory overhead,and fixed factory overhead.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Under absorption costing, all factory costs, both variable and fixed, are included in the inventory calculation. This includes direct materials, direct labor, variable factory overhead, and fixed factory overhead.

Inventory Under Absorption Costing Includes Direct Materials,direct Labour,variable Factory Overhead,and