Which of the following statements is true for a company that uses variable costing?  Profit fluctuates with sales. Product costs include variable administration costs. Any underapplied overhead is included in the product cost. The unit product cost changes because of changes in the number of units manufactured.

Which of the following statements is true for a firm that uses variable costing? A. The cost of a unit of product changes because of changes in number of units manufactured.B. Profits fluctuate with sales.C. An idle facility variation is calculated.D. Product costs include variable administrative costs.

Which of the following statements is true for a company that uses variable costing? Multiple Choice paved The manufacturing cost per unit decreases when the volume of production increases. Net income is affected by fluctuations in production. Fixed manufacturing overhead is treated like a period cost. Fixed manufacturing overhead costs incurred in the current period may be recognized as expense in a later perioc

On the variable costing income statement, the figure representing the difference between manufacturing margin and contribution margin is the:                         Fixed selling and administrative expenses. Fixed manufacturing costs. Variable selling and administrative expenses. Variable cost of goods sold.

On an income statement prepared using variable costing, to calculate contribution margin, a company will subtract what from sales?   Question options:   a)  variable manufacturing costs.   b)  variable manufacturing and operating costs.   c)  variable cost of goods sold.   d)  cost of goods sold.

A cost that would be included in product costs under both absorption costing and variable costing is:     supervisory salaries.     variable selling expenses.     factory rent.     variable manufacturing costs.

Under variable costing: a. net operating income will tend to move up and down in response to changes in levels of production. b. inventory costs will be lower than under absorption costing. c. net operating income will tend to vary inversely with production changes. d. net operating income will always be higher than under absorption costing.

Which of the following would most likely decrease the product cost per unit under variable costing?   adecrease in raw material cost per unit an increase in the number of units sold a decrease in the commission paid to salesmen for each unit sold a decrease in the remaining useful life of a factory equipment depreciated on the straigth-line method

Which of the following is not an assumption made when performing cost-volume-profit analysis? Multiple Choice Number of units produced is greater than the number of units sold. Worker efficiency is held constant. The company produces within the relevant range of activity. There is a linear relationship between cost and volume for both fixed and variable cost.

Write “True” if the statement is true and write “False” if the statement is false. 1. Manufacturing overhead combined with direct materials is known as conversion cost.2. A variable cost will change in total in proportion to changes in the level of activity.3. A fixed cost is constant per unit of product.4. Cost accumulation, cost allocation, and cost objects are interrelated.5. A variable cost remains constant per unit, though in total increases as activity levels increase.6. If volume increases, both total variables and total fixed costs will increase.7. Decrease in the level of activity will cause total variable and total fixed costs to decrease.8. When graphed, total variable costs and total fixed costs are both assumed to be linear withinthe relevant range.9. Fixed cost is constant in total amount regardless of changes in activity level within the relevantrange.10. Cost function is an express that mathematically links costs, their behavior, and their cost driver.11. As volume…