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

Related Mcqs:

1. The direct material costs are added into direct manufacturing costs, to calculate _________?

   A. discuss costs
   B. prime costs
   C. resale cost
   D. merchandise costs

2. Another name of super-variable costing is ___________?

   A. throughput costing
   B. unit costing
   C. batch costing
   D. manufacturing costing

3. 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

4. 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

5. 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

6. 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

7. The direct material cost is $75000 and direct manufacturing labor is $20000, then prime cost would be ________?

   A. $55,000
   B. $37,500
   C. $95,000
   D. $26,000

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

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

10. The cost which is excluded from inventoriable costs in variable costing method is called _________?

    A. variable factory overheads
    B. fixed manufacturing cost
    C. variable manufacturing costs
    D. fixed factory overheads