Another name of super-variable costing is ___________?

Related Mcqs:

1. 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

2. 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

3. 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

4. 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

5. In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

   A. distinction
   B. similarities
   C. increase in units
   D. decrease in units

6. 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

7. The change in variable costing in operating income, is calculated by multiplying contribution margin per unit to ___________?

   A. increase in units sold
   B. change in quantity of sold units
   C. increase in units manufactured
   D. decease in units manufactured

8. 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

9. If the inventory level decreases then operating income, under variable costing, will be reported ___________?

   A. more
   B. less
   C. zero
   D. none of above

10. 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