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11 January, 00:53

It is not possible to convert reports prepared using variable costing to absorption costing reports.

a. True

b. False

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Answers (1)
  1. 11 January, 03:16
    0
    That statement is false.

    IT is actually possible to do that with some reconciliation calculation because this two method only differ in when to acknowledge a certain expense.

    In variable costing, m anufacturing overhead is incurred in the period that a product is produced, while in absorbtion cositng the cost will be divided into direct expense and indirect expense
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