Define absorption costing

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Question 1: Under absorption costing

Option a) selling and administration overhead costs are inventoried.

Option b) selling and administration overhead costs are expensed as incurred.

Option c) only variable selling and administration costs are expensed while fixed selling and administration costs are inventoried.

Option d) only fixed selling and administration costs are expensed while variable selling and administration costs are inventoried.

Reference no: EM132541011

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