Period cost means : (a) Variable Cost (b) Fixed Cost (c) Prime Cost 33 The costing method

Question:

Period cost means :

(a) Variable Cost

(b) Fixed Cost

(c) Prime Cost 33 The costing method in which fixed factory overheads are added to inventory is:

(a) Direct Costing

(b) Marginal Costing

(c) Absorption Costing.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Zero To Mastery In Accounting Become A High Level Accounting Manager

ISBN: 9789392475177

1st Edition

Authors: HECTOR ROBINETT

See More Books

Question Posted: Jul 20, 2024 07:02 AM

See More Questions

uestion: 1. IN A STOCK ACQUISITION ACCOUNTED FOR BY THE EQUITY METHOD, A PORTION OF THE PURCHASE PRICE OFTEN IS ATTRIBUTABLE TO GOODWILL OR TO SPECIFIC ASSETS OR LIABILITIES. HOW OR UNDER WHAT BASIS...
Listen to the following videos and then complete the assignments using the changed numbers on the guidance report. Place your answers on the guidance report. Open the Guidance Report and rework the...
Please help with assignment 2 MAC2601. assignment attched MAC2601/103/1/2016 Tutorial letter 103/1/2016 Principles of Management Accounting MAC2601 Semester 1 Department of Management Accounting...
You have recently been hired as a consultant for a personal financial planning firm. One of your first projects is creating a retirement plan for a couple, Tom and Helena Keeley. They have just...
How would the forecasts in Table 8-2 change if TJX were to maintain a sales growth rate of 10 percent per year from 2011 to 2020 (and all the other assumptions are kept unchanged)?
A 15-g coin of diameter 1.5 cm is spinning at 10 rev/s about a vertical diameter at a fixed point on a tabletop. (a) What is the angular momentum of the coin about its center of mass? (b) What is its...
What steps are involved in the reconciliation procedure? AppendixLO1
Break into teams and identify costs that an airline such as Northwest would incur on a flight from Green Bay to Minneapolis. (1) Identify the individual costs as variable or fixed. (2) Assume that...
Listed below is information related to Teller Cos manufacturing activities for the month of February 2014. Ending Balance Beginning Balance Materials Inventory $16,000 $11,000 Work in Process...
Contribution margin is also known as: (a) Marginal Income (b) Gross Profit (c) Net Income.
When fixed cost is Rs. 10,000 and P/ V, ratio is 50%, the break-even point will be: (a) Rs. 20,000 (b) Rs. 40,000 (c) Rs. 50,000 (d) None of these.
If a companys assets are undervalued, will ROCE tend to be under- or over-stated? (Section 6.5.7)
The following information is available for Book Barn Company's sales on account and accounts receivable: After several collection attempts, Book Barn wrote off $\$ 4,500$ of accounts that could not...
The following information comes from the accounts of Jersey Company: Required a. There were $\$ 170,000$ of sales on account during the accounting period. Write-offs of uncollectible accounts were...
Classic Auto Parts sells new and used auto parts. Although a majority of its sales are cash sales, it makes a significant amount of credit sales. During 2012, its first year of operations, Classic...
The following information is available for Market Inc. and Supply Inc. at December 31, 2012: Required a. What is the accounts receivable turnover for each of the companies for 2012 ? b. What is the...
Buck Novak, the chief executive officer of Novak Corporation, has assembled his top advisers to evaluate an investment opportunity. The advisers expect the company to pay $$400,000$ cash at the...
Radiation of atomic hydrogen falls normally on a diffraction grating of width l = 6.6 mm. The 50th line of the Balmer series in the observed spectrum is close to resolution at a diffraction angle (in...
What key concerns must functional tactics address in marketing? Finance? POM? Personnel?
Sally was hired at an annual salary of $60,000 on 1/1/20. She elected to contribute $2000 to her Flexible Spending Account (FSA) and her employer contributed $500 to the plan. She contributed $5,000...
View Policies Current Attempt in Progress You have the following information for Sheridan Inc. Sheridan Inc, uses the periodic method of accounting for its inventory transactions. March 1 March 3...
where does the 5 , 0 0 0 come from in finding the dividend per share?

Period cost means : (a) Variable Cost (b) Fixed Cost (c) Prime Cost 33 The costing method

Question:

Step by Step Answer:

Zero To Mastery In Accounting Become A High Level Accounting Manager

Students also viewed these Business questions