15-Manufacturing overhead would include A. all manufacturing costs except direct materials and direct labour. B. indirect labour costs only. C. all manufacturing costs. D. indirect
15-Manufacturing overhead would include
A.all manufacturing costs except direct materials and direct labour.
B.indirect labour costs only.
C.all manufacturing costs.
D.indirect materials only.
17-Cost of goods sold is debited and finished goods inventory is credited for
A.transfer of materials into work in process inventory.
B.transfer of goods to the finished goods storeroom.
C.purchase of goods on account.
D.the sale of goods to a customer.
19-When the number of units produced is less than the number of unitssold, how does operating income under variable costing differ from operating income under absorptioncosting?
A.It is lower than operating income under absorption costing.
B.It is higher than operating income under absorption costing.
C.It is the same as operating income under absorption costing.
D.It depends upon the amount of decline.
21-Owners of a company are its
A.creditors.
B.customers.
C.managers.
D.shareholders.
-Just the correct answers (Letters), without any explanation at all, many thanks
-Please just answer if you're sure about the answers
Step by Step Solution
There are 3 Steps involved in it
Step: 1
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started