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Fixed overhead is a product cost under absorption costing. This would be the correct answer if the question had used a direct or variable costing system.Choice "a" is incorrect. Selling expenses are period costs and would not be included in product cost.Choice "b" is incorrect, per above....
Chapter9AbsorptionandmarginalCosting 解析 Under absorption costing all associated costs are included in the total cost of a product.多做几道 A company uses a standard absorption costing system. Last month budgeted production was 8,000 units and the standard fixed production overhead cost was $15...
ABC is felt to give a more useful product cost than classic absorption costing (with overheads absorbed onlabour hours) if which of the following two apply?ALabour costs are a relatively minor proportion of total costsBOverheads vary with many different measures of activityCOverheads are difficult...
Activity based costing is a form of absorption costing. 免费查看参考答案及解析 A company manufactures Product Q, which sells for $50 per unit and has a material cost of $14 perunit and a direct labour cost of $10 per unit. The total direct labour budget for the year is 18,000 hoursof...
ABC is felt to give a more useful product cost than classic absorption costing (with overheads absorbed on labour hours) if which of the following apply? A. Cost drivers are difficult to identify.B. Few overheads vary with time spent on production.C. Overheads vary with many different measure...
Manufacturing overhead is a direct cost. a. True b. False Fixed manufacturing overhead is not inventoried under absorption costing. True or False? The difference between total manufacturing costs and the cost of goods manufactured is ending work in process. True ...
The overhead absorption rate for product T is $4 per machine hour. Each unit of T requires 3 machine hours. Opening Inventory and closing inventory of product T last period were 2,400 units and 2,700 units.Compared with the marginal costing profit for th
cost absorption is for only that portion of the time when the machine is in use. There is no cost penalty for underutilizing machines and labor. More important, there is no cost benefit for using machines and labor more efficiently. All cost is attached to value-added hours and new machine...
A company uses a standard absorption costing system. Last month budgeted production was 8,000 units and the standard fixed production overhead cost was $15 per unit. Actual production last month was 8,500 units and the actual fixed production overhead cost was $17 per unit.What was the tota...