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product costs under absorption costing include blank . multiple select question. fixed manufacturing overhead direct materials direct labor variable manufacturing overhead fixed selling and administrative variable selling and administrative
product costs under absorption costing include blank . multiple select question. fixed manufacturing overhead direct materials direct labor variable manufacturing overhead fixed selling and administrative variable selling and administrative
A method of accounting known as "absorbed cost"takes into account both the direct and indirect expenses associated with producing items. Energy prices, equipment rental fees, insurance premiums, lease payments, and property taxes are a few examples of absorbed costs.What isabsorbed cost?Amanagerialaccounting technique called absorption cost, sometimes known as absorption cost, incorporates both the variable and fixed overhead costs associated with producing a specific product.Manufacturersmay set their product prices since they are aware of the whole cost of production for each unit.Absorption costing, often known as full costing or the full absorption method, is a more comprehensive accounting methodology that includes calculating absorbed expenses.The absorbed-cost technique accounts for and combines—or, in other words, absorbs—all direct and indirect costs and expenses associated with producing a unit of a good.Some accounting systems only count fixed costs when calculating the absorbed cost, while others also take variable costs into account.Hence, A method of accounting known as "absorbed cost"takes into account both the direct and indirect expenses associated with producing items. Energy prices, equipment rental feeslearn more aboutabsorbed costclick here:brainly.com/question/26276034#SPJ4...