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The cost of manufactured products consists of direct materials, direct labor, and factory overhead. The...

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Accounting

The cost of manufactured products consists of direct materials, direct labor, and factory overhead. The reporting of all these costs in financial statements is called
a. full disclosure.
b. absorption costing.
c. variable costing.
d. None of these choices are correct.
If units sold are less than units manufactured, then
a. variable costing income will greater than absorption costing income.
b. variable costing income will be less than absorption costing income.
c. variable costing income will be equal to absorption costing income.
d. None of these choices are correct.
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