Question
21. The difference between variable costing and absorption costing is in: a. Variable manufacturing costs b. Fixed manufacturing costs c. Fixed sales and administrative costs
21. The difference between variable costing and absorption costing is in: a. Variable manufacturing costs b. Fixed manufacturing costs c. Fixed sales and administrative costs d. The sum of b and c
22. Operating income calculated using variable costing is equal to operating income calculated using full costing when: a. The company has no inventories b. The beginning and ending inventory contain the same amount of costs c. The company has no fixed costs. d. a and c are correct.
23. The cost of maintaining the manufacturing equipment is a cost of: a. Prevention b. Evaluation c. Internal failure d. External failure
24. The cost of training manufacturing employees is a cost of: a. Prevention b. Evaluation c. Internal failure d. External failure
25. The cost incurred in selecting the best raw material suppliers is a cost of: a. Prevention b. Evaluation c. Internal failure d. External failure
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Accounting What the Numbers Mean
Authors: David H. Marshall, Wayne W. McManus, Daniel F. Viele,
9th Edition
978-0-07-76261, 0-07-762611-7, 9780078025297, 978-0073527062
