The cost which is excluded from inventoriable costs in variable costing method is called _________?
A. variable factory overheads B. fixed manufacturing cost C. variable manufacturing costs D. fixed factory overheads
Accounting MCQs with Answers
If the per unit budget per unit cost is $200 and budgeted production units are 350, then fixed budgeted manufacturing costs will be __________?
A. $40,000 B. $60,000 C. $70,000 D. $50,000
In manufacturing companies, the variable and absorption costing are methods, which are used in __________?
A. recording of liabilities B. costing of current assets C. costing of machinery D. costing of inventories
If the production is greater than sales, then operating income under variable costing is _________?
A. negative income value B. lower income C. higher income D. zero dividends
Under absorption costing, the fixed cost of manufacturing is deferred to some ___________?
A. present period B. future period C. yearly period D. monthly period
In variable costing, the change in operating income is driven only by changes in _________?
A. quantity of units sold B. quantity of units manufactured C. increase in units sold D. decrease in units sold
If the beginning inventory is $40000, the total revenues are $225000 and the ending inventory is $30000, then total production would be _________?
A. $95,000 B. $235,000 C. $295,000 D. $195,000
In absorption costing, an effect on cost volume profit relationship is driven by __________?
A. unit level of production B. unit level of sales C. chosen denominator level D. all of above