This topic contains a solution. Click here to go to the answer

Author Question: Absorption costing is a method of inventory costing in which only variable manufacturing costs are ... (Read 202 times)

wenmo

  • Hero Member
  • *****
  • Posts: 540

Question 1

Which of the following is true of variable costing?
◦ It expenses administrative costs as cost of goods sold.
◦ It treats direct manufacturing costs as a product cost.
◦ It includes fixed manufacturing overhead as an inventoriable cost.
◦ It is required for external reporting to shareholders.

Question 2

Absorption costing is a method of inventory costing in which only variable manufacturing costs are included as inventoriable costs.
◦ true
◦ false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by wenmo on Mar 6, 2021

ryansturges

  • Sr. Member
  • ****
  • Posts: 338
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly




wenmo

  • Member
  • Posts: 540
Reply 2 on: Mar 6, 2021
Wow, this really help


amit

  • Member
  • Posts: 364
Reply 3 on: Yesterday
Gracias!

 

Did you know?

Oxytocin is recommended only for pregnancies that have a medical reason for inducing labor (such as eclampsia) and is not recommended for elective procedures or for making the birthing process more convenient.

Did you know?

The cure for trichomoniasis is easy as long as the patient does not drink alcoholic beverages for 24 hours. Just a single dose of medication is needed to rid the body of the disease. However, without proper precautions, an individual may contract the disease repeatedly. In fact, most people develop trichomoniasis again within three months of their last treatment.

Did you know?

The human body produces and destroys 15 million blood cells every second.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

For a complete list of videos, visit our video library