Question

The difference between reported net income on variable costing and absorption costing income statements is based on how Blank______. Multiple choice question. fixed overhead is accounted for expenses are organized cost classifications are defined the statements are formated

Answer 1

When there is a difference between income on variable costing and absorption costing, this is as a result of fixed overhead is accounted.

What is variable costing?

This is a method of designing the income statement such that variable costs are separate from fixed cost.

As a result, the net income might be different from absorption costing which lists all expenses regardless of what kind they are.

Find out more on absorption costing at brainly.com/question/26276034.

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