Unabsorbed fixed overhead costs in an absorption costing system are
a. fixed manufacturing costs not allocated to units produced.
b. variable overhead costs not allocated to units produced.
c. excess variable overhead costs.
d. costs that cannot be controlled.
A
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Which of the following is not correct regarding prior service costs?
A. A corridor concept similar to that for actuarial gains and losses is used for prior service. B. Unlike the minimum amortization method for actuarial gains or losses, there is no corridor concept for prior service cost amortization. C. They result from retroactive changes to a pension plan. D. They can result in either an increase or decrease in the pension benefit obligation.
Term premium refers to
A. the interest rate on a long-term bond minus the average interest rate on future short-term bonds. B. the interest rate on a long-term bond plus the average interest rate on future short-term bonds. C. the average interest rate on future short-term bonds. D. the standard deviation of the interest rate on long-term bonds.
Which statement is true about job-based pay structures?
A. They typically reward desired behaviors, particularly in a rapidly changing environment. B. Organizations may avoid change because it requires repeating the time-consuming process of creating job descriptions and related paperwork. C. Their focus on higher pay for higher status can work in favor of efforts for empowerment. D. They always encourage flexibility, innovation, quality, and customer service. E. A pay structure that rewards employees for winning promotions will encourage them to gain valuable experience through lateral career moves.
Unrealized holding gains and losses from investments classified as trading are reported in the ___________________________________
Fill in the blank(s) with correct word