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Fixed Costs should be charged to the Income Statement for the period and should not be included in product costs for pricing decision. Do you agree ?

Accounting Cost Accounting Cost Center Accounting
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Question added by Deleted user
Date Posted: 2014/09/18
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Khaled Abdelrehim ACCA DipIFR CMA
by Khaled Abdelrehim ACCA DipIFR CMA , Financial Analysis Assistant General Manager , Khalda Petroleum Company

we have to differentiate between fixed manufacturing costs and fixed non manufacturing, because under absorption costing fixed manufacturing  costs is a product cost which is applicable under GAAP

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