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Differences between absorption and variable costing

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What is the difference between absorption costing and variable costing? Any help is appreciated. Thank you for helping!

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This solution is comprised of a detailed explanation to answer what the difference is between absorption costing and variable costing in 206 words.

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What is the difference between absorption costing and variable costing?

Under the absorption costing, the product costs are direct materials, direct labor, variable factory overhead, and fixed factory overhead. As product costs, all these costs are assigned to inventory when units are produced, and they become expenses ...

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