Which of the following statements is true?Multiple ChoiceVarlable costing treats direct materlals as a perlod cost.Varlable costing treats direct labor as a perlod cost.Varlable costing treats varlable manufacturing overhead as a perlod cost.Varlable costing treats fixed manufacturing overhead as a perlod cos.

The period costs are the costs which are expensed in the period they are incurred. Example selling…

Which of the following statements is true? Multiple Cholce Varlable costing treats direct materials as a perlod cost. Varlable costing treats direct labor as a perlod cost. O varlable costing treats varlable manufacturing overhead as a perlod cost. Varlable costing treats fixed manufacturing overhead as a period cost.

Which of the following statements is true? Multiple Cholce Varlable costing treats direct materials as a perlod cost. Varlable costing treats direct labor as a perlod cost. O varlable costing treats varlable manufacturing overhead as a perlod cost. Varlable costing treats fixed manufacturing overhead as a period cost.

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter6: Activity-based, Variable, And Absorption Costing

Section: Chapter Questions

Problem 3MC: Which is not a step in analyzing the cost driver for manufacturing overhead? A. Identify the cost B....

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Similar questions

Under variable costing, a unit of product includes which costs? direct material, direct labor, and manufacturing overhead Direct material, direct labor, and variable manufacturing overhead Direct material, direct labor, and fixed manufacturing overhead D. Direct material, direct labor, and all variable manufacturing overhead
Happy Trails has this information for its manufacturing: Â Its income statement under absorption costing is: Prepare an income statement with variable costing and a reconciliation statement between both methods.
Trail Outfitters has this information for its manufacturing: Its income statement under absorption costing is as follows: Prepare an income statement with variable costing and a reconciliation statement between both methods.
Which is not a step In activity-based costing? A. identify the activities performed by the organization B. identify the cost driver(s) associated with each activity C. compute a cost rate per production D. assign costs to products by multiplying the cost driver rate by the volume of the cost driver units consumed by the product
Using this information from Planters. Inc., what is the cost per unit under both variable and absorption costing?
Which is not a step in analyzing the cost driver for manufacturing overhead? A. Identify the cost B. identify non-value-added costs C. analyze the effect on manufacturing overhead D. identify the correlation between the potential driver and manufacturing overhead
Carltons Kitchens three cost pools and overhead estimates are as follows: Compare the overhead allocation using: A. The traditional allocation method B. The activity-based costing method (Hint: the traditional method uses machine hours as the allocation base.)
When might activity-based costing be preferred over using a relative amount of product sales in allocating selling and administrative expenses to products?
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Which is not a task typically associated with ABC systems? A. calculating the overhead application rate for each cost pool B. applying a single cost rate C. identifying a cost driver D. more correctly allocating overhead costs
In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs C. total costs D. units of production
How is the primary focus of activity-based costing different from that of traditional allocation?