Multiple Choice
In variable costing
A) Only variable production costs are considered product costs
B) All non-variable production costs are treated as product costs
C) Direct costs are considered to be period costs
D) All variable costs are considered product costs
Correct Answer:
Verified
Correct Answer:
Verified
Q86: General Ltd. budgeted fixed overhead costs of
Q87: PFA Ltd uses a throughput costing system
Q88: Variable costing income statements include fixed manufacturing
Q89: Normal capacity and budgeted capacity are demand-based
Q90: Taylor Ltd just finished its second year
Q92: Absorption costing<br>A) Is used for external reporting
Q93: Bella Ltd has operated for 2 years.
Q94: Throughput costing assumes that product costs other
Q95: Taylor Ltd just finished its second year
Q96: General Ltd. budgeted fixed overhead costs of