Throughout the period costs, costing methods are treated as ___________?

Related Mcqs:

1. The costing method, in which the variable manufacturing costs are treated as inventoriable cost is called ___________?

   A. manufacturing costing
   B. absorption costing
   C. variable costing
   D. labor costing

2. The normal costing and standard costing methods are used in decisions such as ___________?

   A. investment decisions
   B. pricing decisions
   C. product mix decisions
   D. Both B and C

3. In super variable costing, all costs other than direct material costs are recorded in the period ________?

   A. of incurring
   B. of sale
   C. of manufacturing
   D. of indirect recording

4. In Variable Costing Method, the fixed manufacturing cost in the calculation period is treated as _________?

   A. variable quantity
   B. fixed quantity
   C. price
   D. expense

5. 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

6. In throughput costing, the variable manufacturing overhead and direct manufacturing labor cost must be treated as ___________?

   A. accrual cost
   B. incurred cost
   C. period costs
   D. setup costs

7. In process costing method, when the work done in current accounting period, and beginning inventory before current accounting period, is classified as _________?

   A. partial inventory costing method
   B. current period inventory method
   C. Last-in, first-out method
   D. First-in, first-out method

8. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

9. The customer sustaining costs, customer batch-level costs and customer output-unit level costs are classified as _________?

   A. customer level indirect costs
   B. customer level direct costs
   C. corporate level direct costs
   D. corporate level indirect costs

10. An indirect setup labor costs, costs of setup and equipment maintenance and costs of indirect material can be categorized as ______________?

    A. variable batch costs
    B. fixed batch costs
    C. variable setup costs
    D. fixed setup costs