Provide Currect answer Variable costing includes what?(a) All production costs(b) Only variable manufacturing costs(c) Only fixed costs(d) Only period costs

Concept of Variable Costing:Variable costing is a costing method where only variable manufacturing…

Answered: Variable costing includes what? (a) 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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Similar questions

Explain the differences among fixed costs, variable costs, and mixed costs.
How does absorption costing differ from variable costing? When will absorption-costing operating income exceed variable-costing operating income?
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
Which of the following graphs best illustrates fixed costs per unit as the activity base changes?
Which of the following statements is true regarding average fixed costs? A. Average fixed costs per unit remain fixed regardless of level of activity. B. Average fixed costs per unit rise as the level of activity rises. C. Average fixed costs per unit fall as the level of activity rises. D. Average fixed costs per unit cannot be determined.
Variable costing includes what? (a) All production costs (b) Only variable manufacturing costs (c) Only fixed costs (d) Only period costs MCQ
Variable costing includes what?
Provide answer
Variable Costing
Which of the following best describes a fixed cost? a.Cost representing a fixed proportion of total costs b.Cost directly related to output c.Cost that remains at the same level up to a particular level of output . d.Cost that remains at the same level when output increases.
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

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Variable costing includes what? (a) All production costs (b) Only variable manufacturing costs (c) Only fixed costs (d) Only period costs