If inventoriable costs in the operating budget are going to be in accordance with Generally Accepted Accounting Principles (GAAP), they include only variable manufacturing costs.

Name: If inventoriable costs in the operating budget are going to be in accordance with Generally Accepted Accounting Principles (GAAP), they include only variable manufacturing costs.
Brand: Quizplus
Rating: 5.0 (48 reviews)

Question

Quizplus · Accepted Answer

Inventoriable costs in the operating budget in accordance with GAAP include both variable and fixed manufacturing costs.

If Inventoriable Costs in the Operating Budget Are Going to Be