This document contains a study guide for an ACCT 204 course. It includes a list of learning tools like flashcards, writing, spelling, and testing. It also includes a list of terms and definitions related to accounting concepts like absorption costing, variable costing, product costs, period costs, and how they relate to calculating net operating income. The document is designed to help students learn and test their understanding of key accounting topics.
This document contains a study guide for an ACCT 204 course. It includes a list of learning tools like flashcards, writing, spelling, and testing. It also includes a list of terms and definitions related to accounting concepts like absorption costing, variable costing, product costs, period costs, and how they relate to calculating net operating income. The document is designed to help students learn and test their understanding of key accounting topics.
This document contains a study guide for an ACCT 204 course. It includes a list of learning tools like flashcards, writing, spelling, and testing. It also includes a list of terms and definitions related to accounting concepts like absorption costing, variable costing, product costs, period costs, and how they relate to calculating net operating income. The document is designed to help students learn and test their understanding of key accounting topics.
following statements is true for a company that uses variable costing? Which of the (B) Depreciation on sales vehicles following costs at a (C) The salary of a factory manager sofa manufacturing company would be treated as a period cost under the variable costing method?
A cost that would be variable manufacturing costs.
included in product costs under both absorption costing and variable costing would be
Which of the Fire insurance cost on factory
following costs at a building manufacturing company would be treated as a product cost under the absorption costing method?
Assuming that direct direct materials, direct labor, and
labor is a variable variable manufacturing overhead. cost, product costs under variable costing include only:
What is the cause of Absorption costing allocates fixed
the difference manufacturing costs between cost of between absorption between absorption goods sold and inventories; variable costing net operating costing considers all fixed income and variable manufacturing costs to be period costing net operating costs. income?
The gross margin for cost of goods sold, including fixed
a manufacturing manufacturing overhead company is the excess of sales over
Weber Company more units were produced during the
computes net year than were sold operating income under both the absorption costing approach and the variable costing approach. For a given year the absorption costing net operating income was greater than the variable costing net operating income. This fact suggests that
Net operating units sold exceed units produced.
income computed using variable costing would exceed net operating income computed using absorption costing if: correct The costing method variable costing that can be used most easily with break-even analysis and other cost- volume-profit techniques is:
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