The method of inventory costing, in which all variable and fixed manufacturing cost is considered as inventoriable cost can be termed 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. In variable costing, the variable manufacturing and fixed manufacturing cost focus on __________?

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

3. 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

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. 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

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. The budgeted fixed manufacturing cost is divided by budgeted fixed manufacturing cost per unit to calculate : __________?

   A. fixed material price
   B. variable materials price
   C. fixed production units
   D. budgeted production units

8. The fixed budgeted manufacturing cost is $45000 and the budgeted production units are 900, then budgeted fixed manufacturing cost per unit will be ____________?

   A. $200
   B. $150
   C. $50
   D. $100

9. If the fixed budgeted manufacturing cost is $35000 and the budgeted production units are 7000, then budgeted fixed manufacturing cost per unit will be ___________?

   A. $20
   B. $5
   C. $10
   D. $15

10. 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