Absorption Cost vs Variable Costing Example

[@neluthecurious8389]

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[@AccountingLectures]

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[@neluthecurious8389]

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[@ndapunikwapaulus7895]

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[@HuyNguyen-vg5wz]

Absorption is for short-run so variable costing is for what?

[@AccountingLectures]

Absorption cost is long run and Variables is short run. did I misspoke?

[@ntcuong01ct1]

Dear Friends, I have a question: 1/ In the absorption costing system, I think the difference between Absorbed cost and full costing. Absored cost = direct material + direct labor + variable overhead manufacturing + fixed overhead manufacturing for a product or a brand or a product line. full cost= Absored cost + all corporate-related expenses for all product or all brand or all product line. Could you help?. Thank you.