multiple choice (2)

The level of inventory of a manufactured product has increased by 4,000 units during a period. The following data are also available: Unit manufacturing costs of the period Unit operating expenses of the period Variable $22.00 7.00 Fixed $11.00 5.00 The effect on operating income if absorption costing is used rather than variable costing would be a a. 564.000 increase b. 544.000 decrease c. 564,000 decrease d. $44,000 increase QUESTION 24 Which of the following terms is commonly used to describe the concept whereby the cost of manufactured products is composed of direct materials cost, direct labor cost, and all factory overhead cost? a, standard costing b. absorption costing variable costing d. marginal costing