Multiple Choice
Under which costing method(s) are administrative and selling costs considered period expenses? I Absorption costing
II Throughput costing
III Variable costing
A) I and II only
B) II and III only
C) I and III only
D) I, II, and III
Correct Answer:
Verified
Correct Answer:
Verified
Q51: Brady Ltd uses a normal absorption costing
Q52: Philpott's operating profit using absorption costing is
Q53: Shipp Ltd. budgets the following costs for
Q54: "Cost" and "expense" are two terms for
Q55: PFA Ltd uses a throughput costing system
Q57: Practical capacity is always less than theoretical
Q58: Improved information technology has increased the availability
Q59: Supply-based capacity levels include I Normal capacity<br>II
Q60: In throughput costing, direct labor and variable
Q61: Under throughput costing, inventory is valued using<br>A)