Is it me or does it seem like Becker contradicts itself on variable costing vs absorption. In variable, which variable costs are included in product costs, VOH and V SGA or is it just VOH?
I though it was:
Sales
– VC (VOH and V SGA)
CM
But another questions asks which costs are assigned to inventory and the answer is only VOH. Am I wrong in thinking the VC in formula above are the inventoy or product costs?
Any help on this would be appreciated π
AUD 95 (3/5/10); BEC 83 (5/28/10); FAR 71, 72, 74, 82 (10/16/10); REG 65,80(11/23/10)
ALL DONE π