7. Under variable costing, which of the following costs are assigned to inventory? Variable Selling & Administrative Costs Variable Factory Overhead Costs (A) Yes No (B) No Yes (C) Yes Yes (D) No No
7. Under variable costing, which of the following costs are assigned to inventory?
|
Variable Selling & Administrative Costs |
Variable Factory Overhead Costs |
|
|
(A) |
Yes |
No |
|
(B) |
No |
Yes |
|
(C) |
Yes |
Yes |
|
(D) |
No |
No |
8. Which of the following would appear on both the
(A)
(B) Rent expense
(C) Sales commission expense
(D) Both B and C
9. Which of the following is not an underlying assumption of the cost-volume-profit graph?
(A) Expenses are categorized into fixed and variable
(B) Revenues and expenses are linear over the relevant range
(C) Efficiency and productivity will be unchanged
(D) Sales mix will not be constant
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