Under variable costing, which of the following costs are assigned to inventory? Variable Selling & Administrative Costs variable Factory Overhead Costs (A) Yes No b)No yes c)Yes Yes d) No No
- Under variable costing, which of the following costs are assigned to inventory?
Variable Selling & Administrative
(A) Yes No
b)No yes
c)Yes Yes
- d) No No
8.Which of the following would appear on both the
9.Which of the following is not an underlying assumption of the cost-volume-profit graph? (A) Expenses are categorized into fixed and variable (B) Revenues and expenses are linear over the relevant range (C) Efficiency and productivity will be unchanged (D) Sales mix will not be constant
- If total fixed costs decrease while the sale price per unit and the variable costs per unit remain constant, the: (A) contribution margin increases (B) contribution margin decreases (C) breakeven point increases (D) breakeven point decreases
- A business always absorbs its overheads on labour hours. In the 8th period 18,000 hours were worked, actual overheads were $279,000 and there was$36,000 over-absorption. The overhead absorption rate per hour was: (A) $15.50 (B) $17.50 (C) $18.00 (D) $13.50
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