A. direct overhead
B. indirect overhead cost
C. fixed manufacturing cost
D. variable manufacturing cost
Related Mcqs:
- 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 - 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 - In manufacturing companies, the variable and absorption costing are methods, which are used in __________?
A. recording of liabilities
B. costing of current assets
C. costing of machinery
D. costing of inventories - 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 difference between actual variable overhead cost and flexible budget variable overhead amount is termed as __________?
A. overhead flexible budget variance
B. overhead fixed budget variance
C. overhead flexible cost variance
D. overhead flexible price variance - In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?
A. distinction
B. similarities
C. increase in units
D. decrease in units - Under absorption costing, the fixed cost of manufacturing is deferred to some ___________?
A. present period
B. future period
C. yearly period
D. monthly period - In absorption costing, the contribution margin per unit, fixed operating and manufacturing costs are all the dependents of ___________?
A. profit point
B. breakeven point
C. production point
D. cost point - An income statement in absorption costing follows the format of ___________?
A. inventory margin
B. sales margin
C. Gross margin
D. production margin - 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
