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What is Costing Methods: Absorption vs. Variable about?

Absorption costing and variable costing are two product costing methods. Absorption costing includes all manufacturing costs, including fixed overhead, in the cost of a unit. Variable costing only includes variable costs. Fixed overhead is treated as a period cost under variable costing but as a product cost under absorption costing. The net income reported can differ between the two methods depending on whether production equals, exceeds, or is less than sales in a period.

Author

Angeline Ramirez

Language

EN