The _________ is considered part of the cost of the product in absorption costing, but not in  variable costing.    Group of answer choices Variable Overhead Fixed Overhead Variable Selling & Administrative Fixed Selling and Administrative

Principles of Accounting Volume 2
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ISBN:9781947172609
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Chapter6: Activity-based, Variable, And Absorption Costing
Section: Chapter Questions
Problem 19MC: When the number of units in ending inventory increases through the year, which of the following is...
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The _________ is considered part of the cost of the product in absorption costing, but not in  variable costing. 
 
Group of answer choices
Variable Overhead
Fixed Overhead
Variable Selling & Administrative
Fixed Selling and Administrative
 
In the absorption income statement, Sales less Cost of Goods Sold is the calculation for:
 
Group of answer choices
Contribution margin
Gross margin
Net Income
Operating Income
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