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tt870116tw tt870116tw
wrote...
Posts: 306
6 years ago
Absorption costing is a method of inventory costing in which only variable manufacturing costs are included as inventoriable costs.
[True or False]
Textbook 
Cost Accounting: A Managerial Emphasis

Cost Accounting: A Managerial Emphasis


Edition: 16th
Authors:
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wrote...
6 years ago
 False
Explanation:  Absorption costing "absorbs" all manufacturing costs into inventory costs and therefore includes both variable and fixed manufacturing costs.
tt870116tw Author
wrote...
6 years ago
Helps a lot... Now I'm ready for my quiz
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