How might each of the costing methods be used in managerial decision-making (job, process, and activity-based)? Describe how a job order cost system can be used for professional service businesses. 1. What is a job order cost system? 2. Describe a situation in which you would use job ...
The difference in operating income between variable costing and absorption costing is in the treatment of fixed manufacturing costs.This is an example of a question where the answer that would be exactly correct is not given. However, the best answer from among the answer choices given is "...
When comparing absorption costing with variable costing, the difference in operating income can be explained by the difference between theA. Units sold and the units produced, multiplied by the unit sales price. B. Ending inventory in units and the beginning inventory in units, multiplied by the...
A. Under absorption costing, operating profit is a function of both sales volume and production volume. B. A manager who is evaluated based on variable costing operating profit would be tempted to increase production at the end of a period in order to get a more favorable review. C. Absorp...
When production levels are expected to increase within a relevant range, and a flexible budget is used, what effect would be anticipated with respect to each of the following costs? Fixed costs per unit Variable costs per unit a. Decrease Decrease b. N ...
When would job-order costing be used instead of process costing? Which of the following would not be capitalized to a property and equipment account? Select one: a. Transportation of the asset. b. Cost of training employees on the asset. c. Installation charges. d. Inventory produce...
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When comparing the operating incomes between absorption and variable costing, and beginning finished goods inventory exceeds ending finished goods inventory, it may be assumed that:A.Sales increased during the periodB.Variable cost per unit is less than
aThis report will analyze two questions. Part A is to evaluate the following three approaches to costing of the products or services, that is: variable or marginal costing, absorption or full costing and activity-based costing. This part of the report will tell us how these approaches work w...
True or False: The high-low method is used to derive cost per unit and total fixed costs using just the highest and lowest volume levels. True or false? A custom home builder would likely capture costs via processing costing m...