Generally provides the most useful report for controlling costs
A)Absorption costing only
B)Variable costing only
C)Both absorption and variable costing

Absorption Costing

A bookkeeping approach that incorporates all production expenses such as direct materials, direct labor, and both variable and fixed overhead costs into the pricing of a product.

Variable Costing

An accounting method that considers only variable costs in product costing and decision-making, excluding fixed overhead expenses.