Variable selling and administrative expenses are part of product costs under the variable costing approach.

Name: Variable selling and administrative expenses are part of product costs under the variable costing approach.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

Variable selling and administrative expenses are considered period expenses, not part of product costs, under the variable costing approach. The product costs only include direct materials, direct labor, and variable manufacturing overhead.

Variable Selling and Administrative Expenses Are Part of Product Costs