A. must be inventoriable
B. must exist
C. must not exist
D. non-inventoriable
Related Mcqs:
- Under absorption costing, the magnitude for favorable volume production variance is affected by the choice of _________?
A. unplanned level
B. budgeting level
C. numerator level
D. denominator level - The variance which is included in absorption costing, but not in variable costing is classified as __________?
A. production volume variance
B. cost volume variance
C. profit volume variance
D. fixed cost variance - The production volume variance under variable costing is ______________?
A. must
B. not a must
C. non-inventoriable
D. inventoriable - If the fixed manufacturing cost expenses are under variable costing and are not expensed in absorption costing, it is resulting in _________?
A. production exceeds breakeven sales
B. breakeven sales exceeds production
C. price exceeds cost
D. cost exceeds price - If the production is greater than sales, then operating income under absorption costing is _________?
A. higher income
B. zero dividends
C. negative income value
D. lower income - If the production is less than sales so, an operating income under absorption costing will be called ________?
A. higher income
B. zero dividends
C. negative income value
D. lower income - In absorption costing, an effect on cost volume profit relationship is driven by __________?
A. unit level of production
B. unit level of sales
C. chosen denominator level
D. all of above - The costing system, which is a combination of process costing and job costing system, is classified as __________?
A. weighted costing system
B. average costing system
C. hybrid costing system
D. double costing system - The fixed manufacturing cost under absorption costing is __________?
A. high dividend
B. low dividend
C. inventoriable
D. non-inventoriable - Under absorption costing, the fixed cost of manufacturing is deferred to some ___________?
A. present period
B. future period
C. yearly period
D. monthly period
