Answer:
(A) Variable costing treats fixed overhead as a period cost.
Explanation:
Variable costing is an important concept in accounting. Under this method, manufacturing overhead is incurred in the period that a product is produced. Variable costing includes only variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in unit product costs. Moreover, it treats fixed overhead as a period cost.
Answer:
Policy.
Explanation:
A policy is a set of of idea or plan of what to do in particular situations that has been agreed on by a group of individuals, a business organization etc.
A policy is a deliberate system of principles to guide decisions and achieve rational outcomes. A policy is a statement of intent, and is implemented as a procedure or protocol. Policies are generally adopted by a governance body within an organization. Policies can assist in both subjective and objective decision making.
The correct answer would be B!
Answer:
a promise that you keep to yourself or someone else.
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