While using Variable Costing format of income statement,which of the following is not included in product costs?

Question

Quizplus · Accepted Answer

In Variable Costing, fixed manufacturing overhead is not considered a product cost, as it is not directly tied to the production of a specific product. Instead, it is treated as a period cost and is expensed in the period incurred. Direct materials, direct labour, and variable manufacturing overhead are all examples of product costs that are included in the cost of producing a specific product.

While Using Variable Costing Format of Income Statement,which of the Following