Knowledge Check 01The difference between absorption costing net operating income and variable costing net operating income can be explained by the way these two methods account for .multiple choice 1all overhead costsfixed overhead costsselling and administrative expensesvariable overhead costsKnowledge Check 02Absorption costing income statements ignore .multiple choice 2direct materials and direct labor costsdirect and indirect cost distinctionsproduct and period cost distinctionsvariable and fixed cost distinctionsKnowledge Check 03When the number of units produced is greater than the number of units sold, variable costing net operating income will be .multiple choice 3the same as absorption costing net operating incomegreater than absorption costing net operating incomeless than absorption costing net operating income

The Differences between Absorption Costing and Variable Costing

1. variable overhead costs

2. variable and fixed cost distinctions

3. greater than absorption costing net operating income

Explanation:

Absorption costing does not separate costs according to their variable and fixed elements but includes all product or directs costs in the cost of goods.  Variable costing, on the other hand, makes the distinctions and only accounts for variable costs in the product costs and not all the direct costs.

answer: tell me how

explanation:

i believe the answer is: streets and roads

public property refers to the property that can be used by all legal citizens in a certain country. the public property was created and maintain using the government budget that allocated specifically for it. the budget itself come from the citizen's income tax payment.