10/21 Class Flashcards by Andrew Mitchell | Brainscape

Q

income statements

A

ABS
Sales

GM

NI

VC
Sales

CM

NI

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Q

variable costs

A

fixed manufacturing overhead is included in fixed costs

VC = VProd Costs + VPeriod costs

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Q

Absorption costing

A

FMOH = sold/production

that portion is included in COGS

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