ACC 350 WEEK 10 QUIZ 8 CHAPTER 9 STR
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ACC 350 WEEK 10 QUIZ 8 CHAPTER 9 STR
1)
The two most common methods of costing inventories in manufacturing companies are variable costing and fixed costing.
Answer:
2)
Absorption costing “absorbs” only variable manufacturing costs.
Answer:
3)
Variable costing includes all variable costs?both manufacturing and nonmanufacturing?in inventory.
Answer:
4)
Under both variable and absorption costing, all variable manufacturing costs are inventoriable costs.
Answer:
5)
The main difference between variable costing and absorption costing is the way in which fixed manufacturing costs are accounted for.
Answer:
6)
Under variable costing, fixed manufacturing costs are treated as an expense of the period.
Answer:
7)
The contribution-margin format of the income statement is used with absorption costing.
Answer:
ACC 350 WEEK 10 QUIZ 8 CHAPTER 9 STR
To view more, click on following link:
http://unquite.com/question-details/ACC-350-WEEK-10-QUIZ-8-CHAPTER-9-STR/296
or email us at:
query@unquite.com
ACC 350 WEEK 10 QUIZ 8 CHAPTER 9 STR
1)
The two most common methods of costing inventories in manufacturing companies are variable costing and fixed costing.
Answer:
2)
Absorption costing “absorbs” only variable manufacturing costs.
Answer:
3)
Variable costing includes all variable costs?both manufacturing and nonmanufacturing?in inventory.
Answer:
4)
Under both variable and absorption costing, all variable manufacturing costs are inventoriable costs.
Answer:
5)
The main difference between variable costing and absorption costing is the way in which fixed manufacturing costs are accounted for.
Answer:
6)
Under variable costing, fixed manufacturing costs are treated as an expense of the period.
Answer:
7)
The contribution-margin...