Question

Fixed manufacturing overhead costs are included as part of Work in Process inventory under ______. Multiple choice question. variable costing only neither variable and absorption costing both variable and absorption costing absorption costing only

Answer 1

In accounting, the fixed manufacturing overhead costs are included as part of Work in Process inventory under the absorption costing only

.

What is an absorption costing?

An absorption costing is an accounting method that captures all costs associated with the manufacturing of a product.

Hence, the practice is that the fixed manufacturing overhead costs are included as part of Work in Process inventory under the absorption costing only.

Therefore, the Option D is correct.

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