a. Absorption costing system only. b. None of the given answers C. Absorption costing and Variable costing systems. O d. Activity based costing system only. De. Variable costing system only.

Which of the following statements regarding marginal costing is incorrect? Select one: O A. It is useful long-term planning technique OB. It assumes that fixed costs remain fixed over relevant activity ranges O C. It assumes that variable costs vary in proportion to activity O D. It assumes that costs can be classified as variable or fixed

When the cost of lost units must be assigned, and those some units must be ignored in an equivalent unit schedule, these units are considered a. normal and discreteb. normal and continuousc. abnormal and discreted. abnormal and continuous (Please give a brief explanation why the answer is correct)

All service department costs are costs as far as the product is concern because they do not arisefrom production activities.a. directb. indirectc. variabled. fixed

3.Activity based costing (ABC) is a method of allocating the indirect costs of sales commissions to products. A. true b. false

2- The ABC costing method * a) is based on the Pareto curve b) is absorption costing c) allows you to track the most important activities d) does not present cost apportionment

Please do not give solution in image format thanku

Under activity -based costing , second stage allocation would involve a. Calculating activity rates b. Assigning costs to cost objects c. Defining activity measures d. None of the given answers e. Assigning costs to cost pools

Under which costing system non manufacturing costs will not be included in calculating product costs? a. Absorption costing and Variable costing systems. b. Variable costing system only. C. Absorption costing system only. d. Activity based costing system only. e. None of the given answers

Which of the following is NOT a feature of unit costing? Select the correct response: Average unit cost Multiple product Applicability Single product