5 Points Variable costing includes what?1) All production costs2) Only period costs3) Only fixed costs4) Only variable manufacturing costs

Option a: This option is incorrect because variable costing does not include fixed manufacturing…

Answered: Variable costing includes what? 1) All…

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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Under variable costing, which of the following costs are treated as period costs?a) Only fixed manufacturing costsb) Both variable and fixed manufacturing costsc) All fixed costsd) Only fixed selling and administrative costs
Fixed and Variable MOH and Costs What is the difference between the following and would you please give examples to explain 1) Fixed vs Variable Manufacturing Overhead 2) Fixed Costs vs Regular Costs
Costs treated as product costs under direct costing are: A. Variable production cost only B. All variable and fixed manufacturing costs C. Prime costs only D. All variable costs
An input whose cost is determined by the quantity of input consumed is a A. Fixed cost B. Variable cost C. Step cost D. Variable cost with fixed component
Which of the following is not a true statement about variable costs? a. Total cost is known to change in proportion to any changes in related level of volume or activity. O b. When considering total cost behaviour, focus on fixed and variable costs. O c. A total cost that can change in proportion to changes in the number of products produced. O d. Total cost never changes in proportion to any changes in related levels of volume or activity. O e. An important cost to identify so managers can make important management decisions.
Variable costing considers fixed manufacturing overhead costs as a(n) a. future cost b. inventoriable cost c. immediate expense d. product cost

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Variable costing includes what? 1) All production costs 2) Only period costs 3) Only fixed costs 4) Only variable manufacturing costs