Variable costing considers fixed manufacturingoverhead costs as a(n)a. future costb. inventoriable costc. immediate expensed. product cost

The correct answer is:c. immediate expense ExplanationUnder variable costing, fixed manufacturing…

Answered: Variable costing considers fixed…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter2: Building Blocks Of Managerial Accounting

Section: Chapter Questions

Problem 17MC: In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs...

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Similar questions

In the cost equation Y=a+bx, Y represents which of the following? A. fixed costs B. variable costs C. total costs D. units of production
For which cost concept used in applying (he cost-plus, approach to product pricing are fixed manufacturing costs, fixed selling and administrative expenses, and desired profit allowed for in determining the markup? A. Total cost B. Product cost C. Variable cost D. Standard cost
Absorption costing is also referred to as: A. direct costing B. marginal costing C. full costing D. variable costing
How does absorption costing differ from variable costing? When will absorption-costing operating income exceed variable-costing operating income?
Explain the difference between a period cost and a product cost.
Using this information from Planters. Inc., what is the cost per unit under both variable and absorption costing?
Using the costs listed in the previous problem, classify the costs as either product costs or period costs.
Describe how total fixed costs and unit fixed costs behave with changes in the level of activity.
Describe the product life cycle. How do unit-level costs behave in relation to the product life cycle? Batch-level costs? Product-level costs? Facility-level costs?
Describe how total variable costs and unit variable costs behave with changes in the level of activity.
Explain the difference between prime costs and conversion costs.
In the variable costing income statement, how are the fixed manufacturing costs reported, and how are the fixed selling and administrative expenses reported?

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Variable costing considers fixed manufacturing overhead costs as a(n) a. future cost b. inventoriable cost c. immediate expense d. product cost