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For a manufacturing company, direct materials and direct labor are variable costs, but manufacturing overhead (MOH) is mixed costs. True False Variable costs per unit
- For a manufacturing company, direct materials and direct labor are variable costs, but manufacturing overhead (MOH) is mixed costs.
- True
- False
- Variable costs per unit of activity have an inverse relationship with the change in volume of activity.
- True
- False
- The following format of income statement is not accepted as GAAP.
Sales Revenue
Variable Costs
Contribution Margin
Fixed Costs
Net Income
- True
- False
- The following format of income statement is not accepted as GAAP.
Sales Revenue
Costs of Goods Sold
Gross Profit
Operating Costs
Net Income
- True
- False
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