Under absorption costing and variable costing, how are fixed manufacturing costs treated? Absorption Variable
a. Product Cost Product Cost
b. Product Cost Period Cost
c. Period Cost Product Cost
d. Period Cost Period Cost
b. Product Cost Period Cost
Business
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A capital expenditure results in a debit to a(n)
a. expense account. b. capital account. c. asset account. d. liability account.
Business
Which of the following would be considered a capital expenditure?
a. A truck tune-up b. Machine maintenance c. Installation of a solar heating system d. Painting a room
Business