Classification of cost under Absorption Costing and Variable Costing: Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs. To identify: The classification of costs under Absorption Costing as well as Variable Costing.

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Answer 1

Question

Chapter 21, Problem S21A.18SE

To determine

Classification of cost under Absorption Costing and Variable Costing:

Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs.

To identify:

The classification of costs under Absorption Costing as well as Variable Costing.

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Answer 2

Question

Chapter 21, Problem S21A.18SE

To determine

Classification of cost under Absorption Costing and Variable Costing:

Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs.

To identify:

The classification of costs under Absorption Costing as well as Variable Costing.

Expert Solution & Answer

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Check out a sample textbook solution

See solution

Answer 3

Question

Chapter 21, Problem S21A.18SE

To determine

Classification of cost under Absorption Costing and Variable Costing:

Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs.

To identify:

The classification of costs under Absorption Costing as well as Variable Costing.

Expert Solution & Answer

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Answer 4

Question

Chapter 21, Problem S21A.18SE

To determine

Classification of cost under Absorption Costing and Variable Costing:

Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs.

To identify:

The classification of costs under Absorption Costing as well as Variable Costing.

Expert Solution & Answer

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Answer 5

Chapter 21, Problem S21A.18SE

To determine

Classification of cost under Absorption Costing and Variable Costing:

Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs.

To identify:

The classification of costs under Absorption Costing as well as Variable Costing.

Answer 6

Chapter 21, Problem S21A.18SE

To determine

Classification of cost under Absorption Costing and Variable Costing:

Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs.

To identify:

The classification of costs under Absorption Costing as well as Variable Costing.

Answer 7

Chapter 21, Problem S21A.18SE

To determine

Classification of cost under Absorption Costing and Variable Costing:

Under variable costing, all the variable production costs are considered as product costs and all the fixed costs are considered as period costs. Under absorption costing, all variable productions costs and fixed manufacturing overhead cost are considered as product costs and all other costs are considered as period costs.

To identify:

The classification of costs under Absorption Costing as well as Variable Costing.

Answer 8

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Answer 9

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Answer 10

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Answer 11

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