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

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 method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed as __________?

   A. absorption costing
   B. variable costing
   C. fixed costing
   D. manufacturing cost

3. The costing method, in which the direct material cost is included in inventoriable cost is called ___________?

   A. manufacturing cost
   B. super variable costing
   C. throughput costing
   D. both B and C

4. 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

5. 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

6. 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

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

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

8. 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

9. 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

10. In manufacturing companies, the variable costing method is also classified as _________?

    A. direct costing
    B. indirect costing
    C. total costing
    D. One factor costing