Transcription of Chapter 9: Absorption/Variable Costing - csus.edu
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Chapter 9: Absorption/Variable Costing - csus.edu
Chapter 9: Chapter 9: Absorption/Variable CostingH 13 1 Horngren 13eABSORPTION Costing absorption Costing is required for external financial reports and for tax reporting. Under absorption Costing , product costs include allmanufacturing costs: Direct materials. Direct labor. Variable manufacturing overhead. Fixed manufacturing overhead. Under absorption Costing , the following costs are treated as period expenses and are excluded from dproduct costs: Variable selling and administrative costs. Fixed selling and administrative COSTINGVARIABLE Costing Variable Costing is an alternative for internal management reports. Under variable Costing , product costs include only the variablemanufacturing costs: Direct l b ( lfi d) Directlabor(unlessfixed). Variable manufacturing overhead.
Chapter 9: Absorption/Variable Costing 3 H 1 1 Horngren 13e ABSORPTION COSTING • Absorption costing is required for external financial reports and for tax reporting.
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Absorption costing, COSTING, THE COST OF PRODUCTION UNDER DIRECT COSTING, ABSORPTION, PRACTICE PURCHASING AND SUPPLY MANAGEMENT: WHOLE, COSTING POLICY, C1 CANDIDATES) MANAGEMENT ACCOUNTING – PERFORMANCE EVALUATION, ACCOUNTING AND FINANCE for Non-Specialists, CHEMCAD Process Simulation for Equipment Manufacturers