An absorption-costing income statement separates cost into the major categories of_____.
A)manufacturing and nonmanufacturing
B)product and period
C)inventoriable and noninventoriable
D)all of these answers are correct

Question

Quizplus · Accepted Answer

An absorption-costing income statement categorizes costs into manufacturing and nonmanufacturing (which can also be seen as product and period costs), as well as inventoriable and noninventoriable costs. Therefore, all the options provided are correct in the context of absorption costing.

An Absorption-Costing Income Statement Separates Cost into the Major Categories