Which of the following statements is TRUE of absorption costing?

A) It considers variable selling and administrative costs as product costs.
B) It considers fixed selling and administrative costs as product costs.
C) It considers fixed manufacturing overhead cost as product costs.
D) It considers variable manufacturing overhead cost as period costs.


C) It considers fixed manufacturing overhead cost as product costs.

Business

You might also like to view...

Briefly describe a process that accountants can use to assist clients in moving from one QuickBooks Desktop version to the new version with minimal disruption to accountant and client business processes.

What will be an ideal response?

Business

In an advertisement for Curves for Women, consumers are encouraged to "join now" by offering them the rest of the summer free. This statement in the ad corresponds to which component of an attitude?

A) cognitive B) affective C) conative D) verbal

Business

The ______ was designed to take a variety of different immigration laws and combine them into a single act.

A. Immigration Reform and Control Act of 1986 B. Uniformed Services Employment and Reemployment Rights Act C. Immigration and Nationality Act of 1952 D. Comprehensive Immigration Act of 2012

Business

It is important for franchisors to specify rigid operations standards and to restrict choice of suppliers so that _____

a. franchisors can receive operating revenues b. financial resource requirements for franchisees can be limited c. a uniform image can be presented to customers regardless of location d. a professional manager system can be utilized

Business