For a company using variable costing, where will fixed overhead incurred during the year be reported in the financial statements at the end of the period? a) Balance Sheet b) Income Statement c) Both the Balance Sheet and the Income Statement d) It depends

For a company using absorption costing, where will fixed overhead incurred during the year be reported in the financial statements at the end of the period? a) Balance Sheet b) Income Statement c) Both the Balance Sheet and the Income Statement d) It depends