Multiple Choice
Why is variable costing used for internal reports?
A) It can also be used for external reports.
B) It is readily available through most computer systems.
C) It removes the impact of changing inventory levels from the financial results.
D) B and C
Correct Answer:
Verified
Correct Answer:
Verified
Q139: The variable-costing income statement uses the contribution-approach
Q140: The difference in variable costing operating income
Q141: When the variable costing method is used,fixed
Q142: A department's applied overhead cost will _
Q143: The production volume variance measures the difference
Q145: Underapplied and overapplied fixed overhead has two
Q146: To determine the cost of a manufactured
Q147: When the actual production volume exceeds the
Q148: The proration method of disposing of overhead
Q149: Fixed manufacturing overhead costs are excluded from