13242787
Descrição
Quiz por Alexis Wyatt, atualizado more than 1 year ago
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Criado por Alexis Wyatt
mais de 6 anos atrás
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Questão 1
Questão
Under both variable costing and absorption costing, all manufacturing costs are inventoriable costs.
Responda
- True
- False
Questão 2
Questão
Under both variable costing and absorption costing, all non-manufacturing costs in the value chain (e.g. R&D, marketing), whether fixed or variable, are considered inventoriable costs.
Responda
- True
- False
Questão 3
Questão
Managers can increase operating profit in a specific period by increasing production - even if there is no customer demand for the additional production. This can thereby provide an inaccurate overview for shareholders. This problem occurs with which type of costing?
Responda
-
Absorption costing
-
Variable costing
Questão 4
Questão
Under variable costing, only variable direct materials, direct manufacturing labour and manufacturing overhead go into WIP, FG and COGS.
Responda
- True
- False
Questão 5
Questão
Supervisor salary is a fixed cost. How is treated under both costing types?
Responda
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Under absorption costing, it would be included in the product cost. Whereas under variable costing, it will not be.
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Under absorption costing, it would be not be included in the product cost. Whereas under variable costing, it will be.
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Under both, it will be included in the product cost as fixed OH is treated the same.
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Under both, it will not be included in the product cost as fixed OH is treated the same.
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