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Variable/Absorption Costing As you read in Chapter 8, there are arguments (for and against) variable costing and absorption costing. Select one of these costing methods and explore the various...

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Variable/Absorption Costing

As you read in Chapter 8, there are arguments (for and against) variable costing and absorption costing. Select one of these costing methods and explore the various arguments. Determine whether you are “for” or “against” this selected method. Provide evidence from the text to support your position. Your initial post should be XXXXXXXXXXwords.

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Answered Same Day Apr 09, 2021

Solution

Lovenesh answered on Apr 11 2021
147 Votes
Absorption costing incorporates all expenses, including fixed costs, identified with creation, while variable costing just incorporates the variable expenses associated solely with the product. Organizations that employ variable costing keep fixed overhead costs separate from generation costs.
Variable costing by my view is a better way of analyzing the costs associated with the product since it only considers true variable cost and no cost considered is shared with any other product/service. Main...
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