Question
In absorption costing, (1) ___________are factored into
the product's price. In contrast, only (2) _________are considered product costs in marginal costing.Solution
In absorption costing, both variable and fixed costs are included in the product's cost, which means that these costs are absorbed by the product. This is because absorption costing assigns all manufacturing costs to the product, including both variable and fixed costs. On the other hand, marginal costing only considers variable costs as product costs. This is because marginal costing only takes into account the costs that vary with the level of production. In other words, marginal costing only considers the direct costs associated with producing a unit of product, such as the cost of materials, direct labour, and variable overhead. 
Which of the following is considered as power house of the cell?
What is the first step in the seed certification process?
Which of the following exemplifies an integrated farming system?
World Environment day was observed on ___
Bud scales (cataphylls) are_____ designed for protecting buds (apical or axillary).
Tightly curved horns are the characteristically found inÂ
The total market value of all final goods and services produced in a country in a given year is known as ……………………….
...Weeping jelly is due to excess of:
 Which among the following is an indirect measure of pore space within a soil?
When plant cells are placed in hypertonic solution, they become____
