Variable selling expenses are a. Product costs under variable costing but period costs under absorptions costing b. Period costs under variable costing but product cost under absorption costing c. Product costs under both costing methods d. period costs under both costing methods

Q: Inventory carrying costs: include the costs of generating memos, fax transmissions, etc. associated…

A: Inventory carrying cost is the total of all expenses related to storing goods which are not sold…

Q: Variable selling expenses are a. Product costs under variable costing but period costs under…

A: The correct answer is Option (a).

Q: Please answer in detail and tell me why other options are incorrect........   The most useful…

A: Following methods are used to find the valuation of the ending inventory 1) FIFO - First in first…

Q: Identify if true or false   When inventory decreases, the net operating income under absorption…

A: Costing is a process under which the information about the costs incurred by the business unit is…

Q: It’s common in the electronics industry for unit costs of raw materials inventories to decline over…

A: LIFO: Under this inventory method, the units that are purchased last, are sold first. Thus, it…

Q: Period costs under absorption costing are Select one: O a. Cost of inventory O b. Fixed and variable…

A: The income statement of the company will include all the revenues, and expenses of the company. The…

Q: If the beginning finished goods inventory (in units) is more than the desired finished goods ending…

A: Total production required is calculated as sum of forecasted unit sales and planned finished goods…

Q: In comparing the absorption and variable cost methods, each of the following statements is true…

A: Variable Costing: The variable costing is a method used to allocate the fixed manufacturing overhead…

Q: In which of the following scenarios does the basic Economic Order Quantity model can be applied? * O…

A: Lets understand the basics. Economic order quantity(EOQ) is a quantity at which ordering cost and…

Q: When the number of units sold exceed the number of units produced, income reported under absorption…

A: Fixed overhead costs include those costs which shall not vary with the production output. In…

Q: Which formula reconciles the difference between absorption and variable-costing income?   a. Change…

A: Net operating income under absorption costing = Net operating income under variable costing + Change…

Q: It’s common in the electronics industry for unit costs of raw materials inventories to decline over…

A: Definition:   LIFO: Under this inventory method, the units that are purchased last are sold first.…

Q: Under variable costing, which of the following costs are assigned to inventory?  Variable Selling &…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Which of the following is not considered in determining FIFO unit cost? A. Equivalent unit of…

A: Equivalent unit of production in ending inventory is relevant to calculate EUP. Equivalent unit of…

Q: All these statements are true for Marginal costing except this O Costs are segregated based on…

A: Marginal costing refers to the costing approach in which, variable costs are considered as the…

Q: Which of the following statement is false?         Multiple Choice   a)The contribution margin…

A: Ans. Absorption costing allocates fixed manufacturing overhead to a product whether or not it is…

Q: Under variable costing a. Net income will tend to vary inversely with production changes b. Net…

A: DM=Direct materials OHD=Overhead   Step 1   Variable costing is a method that only allocates…

Q: variable costing

A: What will be the difference in net earnings computed using variable costing as opposed toabsorption…

Q: Product costs under variable costing are typically: Group of answer choices A. higher than under…

A:

Q: The fundamental EOQ model a. provides for fluctuating lead times during reorder cycles. b. is…

A: EOQ (Economic order quantity): A decision much out the great inventory management. the quantity to…

Q: Which of the following is not a common cost flow assumption used in costing inventory? O First-in,…

A: Companies assign costs to products through inventory costing, often known as inventory cost…

Q: Production costs that are not attached to units that are sold are reported as: Group of answer…

A: Introduction:- Production costs that are not attached to units that are sold are reported as: Group…

Q: In the immediate write-off approach, under-applied overhead is regarded as: a. an increase in…

A: Underapplied overhead occurs when a company's overhead expenses surpass what it budgets for in order…

Q: costs assigned to units in inventory are typically lower under absorption costing than under vanable…

A: As per the guidelines, only one question is allowed to be solved so I am answering the first…

Q: b order to attract investors and borrow on attractive terms, a company would use in times when…

A: When the cost of inventory is raising, the cost of holding old stock will get higher.  The inventory…

Q: Ward Hardware does not expect costs to change dramatically and wants to use an inventory costing…

A: Perpetual Inventory System is an accounting system of valuing the inventory where there is a need…

Q: If the beginning finished goods inventory (in units) and the desired finished goods ending inventory…

A: Following is the answer to given question

Q: variable costing

A: Option a is wrong because even if there is no change in the fixed costs in the beginning and ending…

Q: Which of the following is NOT an assumption of cost-volume-profit analysis?   Question 10…

A: The question is based on the concept of Cost Accounting.

Q: 7. Under variable costing, which of the following costs are assigned to inventory? Variable Selling…

A: Hi Student Since there are multiple questions we will answer only first question. If you want…

Q: What is true in explaining ABC analysis? This process divides items into three classes according to…

A: Hi, since there are multiple questions posted, as per our guidelines we will answer the first…

Q: If merchandise inventory is being valued at cost and the purchase price is steadily falling, which…

A: Inventory can be valued using many ways such as : FIFO LIFO Weighted Average Average cost

Q: REQUIRED: Compute for the following a. The cost assigned to ending inventory for each product and in…

A: Joint cost means the cost incurred to produce more than one units and then joint cost need to be…

Q: In comparing the absorption and variable cost methods, each of the following statements is true…

A: Variable Costing:The variable costing is a method used to allocate the fixed manufacturing overhead…

Q: 1. Inventory should be stated at (a) Lower of cost and fair value. (b) Lower of cost and net…

A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: 1 Adoption of a just-in-time inventory system: O Is based on a demand push theory O Provides an…

A: In case of multiple questions, we are allowed to solve only the first question. If you want other…

Q: When production exceeds sales, a. Ending inventory under variable costing will exceed ending…

A: Option no. (b) is correct.

Q: When reconciling variable costing and absorption costing net operating income, fixed overhead costs…

A: Solution: S1. When reconciling variable costing and absorption costing net operating income, fixed…

Q: The amount of raw material purchased in a period may be different than the amount of material used…

A: finished goods inventory may fluctuate during the period.   finished goods inventory does not…

Q: 2. Explain the arguments for the use of traditional absorption costing rather   than marginal…

A: 1.  Variance analysis can be summarized as an analysis of the difference between planned and actual…

Q: During periods of increasing costs, the use of the FIF0 method of costing inventory will result in a…

A: First-in-First-Out (FIFO): In this method, items purchased initially are sold first. So, the value…

Q: In order to get the lowest profits possible in periods of rising inventory costs, the company should…

A: Inventory costing is an accounting concept that has direct consequence on company’s gross profit and…

Q: The cost of the ending inventory under absorption costing is higher than the cost of ending…

A: The inventory which remains unsold during the accounting period is termed as ending inventory. This…

Q: Using the FIFO method: If, for any period, the beginning Finished Goods Inventory is zero, then the…

A: As per our protocol and guidelines we provide solution to the one question only or up to first three…