1)Which of the following is true of variable accounting?

Group of answer choices:

It is required for external reporting to shareholders.

It includes fixed manufacturing overhead as an inventoriable cost.

It expenses administrative costs as cost of goods sold.

It treats direct manufacturing costs as a product cost.

2) SPY Company processes 30,000 gallons of direct materials to produce two products, Product X and Product Y. Product X, the byproduct, sells for $2 per gallon and Product Y, the main product, sells for $50 per gallon. The following information is for August: Production Sales Beginning inventory Ending Inventory Product X (in gallons): 6,000 4,000 0 2,000 Product Y (in gallons): 24,000 24,000 0 0 The manufacturing costs totaled $30,000. How much is the cost of goods sold in August if byproducts are recognized in the general ledger at the point of sales?

Group of answer choices

$26,000

$18,000

$30,000

non of the answers.

$22,000

3) TSLA Industries provides the following information about departmental consumption of allocation bases for its 3 support and 2 operating departments: Support Departments Operating Departments Personnel Cafeteria Maintenance Machining Assembly Direct Costs: $32,000 $20,000 $20,000 Services Provided By: Personnel 10% 20% 30% 40% Cafeteria 10% 10% 40% 40% Maintenance 10% 20% 50% 20% For the direct method, what proportion of Cafeteria costs will be allocated to the Machining Department?

Group of answer choices

20%

40%

30%

none of the answers

50%