Question
The fixed and variable costs are treated as product cost
under which of the following costing techniques?Solution
Absorption costing, also known as “full costing,” is a managerial accounting method for capturing all costs associated with manufacturing a particular product. The fixed and variable costs like direct materials, direct labor, rent, and insurance, are all considered as product costs under this method.
Heat stored in water vapour is –
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The splitting up of white light into seven colours on passing through a glass prism is called as
A ray of light from the object parallel to principal axis of a concave lens, after refraction appears to diverge from which point on the same side of th...
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