Accounting · Marginal Costing
In the marginal costing approach, how are variable and fixed costs classified respectively?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Only fixed costs are considered product costs, while variable costs are treated as period costs.
- 2Both fixed and variable costs are treated as product costs, irrespective of the level of activity.
- 3Only variable costs are treated as period costs, while fixed costs are considered product costs.
- 4Only variable costs are considered product costs, while fixed costs are treated entirely as period costs.✓
Correct answer
Only variable costs are considered product costs, while fixed costs are treated entirely as period costs.
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