5) Absorption costing may also be referred to as: (9.37pts) costing product costing. full costing direct costing 6) When using a variable costing system, the contribution margin discloses the excess 9.38pts) revenues over fixed costs revenues over variable costs projected revenues over the break-even point variable costs over fxed costs What factor related to manufacturing costs causes the dfference in net earnings computed using (9.37pts) absorption costing and net earnings computed using variable costing? Direct costing considers only direct costs in the determination of net earnings Direct costing considers direct costs to be period costs Absorption costing "inventories" all fioxed costs for the period. Direct costing considers all fixed costs to be period costs ) In calculating the controllable contribution margin, flxed costs should be subtracted from the9.38pts contribution margin in every case. if they are controllable by the segmenrs management if they are directly traceable to the segment Both Bandc ) Which of the following costs are generally reported for business segments in published financial (937pts) reports? Sales Total assets Operating All of the above. 10) Historical costs are useful in decision making only to the extient that they predict future 9.38pts)