Which of the following statements is true regarding variable costing?

A. Only manufacturing costs that change in total with changes in production level are included in product costs.
B. It makes it easier to manipulate earnings with changes in production levels.
C. It is not permitted to be used for managerial reporting.
D. It treats overhead in the same manner as absorption costing.
E. It is a traditional costing approach.


Answer: A

Business

You might also like to view...

________ occurs when people appear to "forget" about the negative source and change their attitude

A) Halo effect B) The sleeper effect C) Native advertising D) Sock puppeting

Business

A company made the following merchandise purchases and sales during the month of May:May 1Purchased380 units at$15 eachMay 5Purchased270 units at$17 eachMay 10Sold400 units at$50 eachMay 20Purchased300 units at$22 eachMay 25Sold400 units at$50 eachThere was no beginning inventory. If the company uses the LIFO periodic inventory method, what would be the cost of the ending inventory?

What will be an ideal response?

Business

Scores of high school students on a national calculus exam were normally distributed with a mean of 86 and a standard deviation of 4 . (Total possible points = 100.) What is the probability that a randomly selected student will have a score of 80 or higher?

Business

A LINUX distribution consists only of the LINUX kernel

Indicate whether the statement is true or false.

Business