All the following are true for absorption costing, except
A)is used for GAAP reporting purposes.
B)is used for external reporting purposes only.
C)is also known as standard costing.
D)treats fixed manufacturing overhead as a period cost.

Name: All the following are true for absorption costing, except A)is used for GAAP reporting purposes. B)is used for external reporting purposes only. C)is also known as standard costing. D)treats fixed manufacturing overhead as a period cost.
Brand: Quizplus
Rating: 4.8 (41 reviews)

Question

Quizplus · Accepted Answer

The Answer is D

All the Following Are True for Absorption Costing, Except