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PLZ ANSWER ALL QUESTION. 1. Income computed by the absorption costing method will tend to exceed income computed by the variable costing method if O

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PLZ ANSWER ALL QUESTION.

1. Income computed by the absorption costing method will tend to exceed income computed by the variable costing method if O Fixed manufacturing costs decrease O Units sold exceed units produced O Variable manufacturing costs decrease O Units produced exceed units sold 2. Company A is incurring $2,500 as overheads in manufacturing 500 units. The overheads are allocated on the basis of machine hours which is 250 hours. How much overheads will be incurred when the company is manufacturing 700 units and taking 300 hours? O 3000 O 3500 O 2500 4000 3. What is the difference between FIFO Method and Weighted Average Method while calculating equivalent units? O No difference O Difference in calculation of opening inventory O Difference in calculation of ending inventory O None 4. The manager of Wong's Food Express estimates operating costs for the year will total $300,000 for fixed costs. 28 Find the sales dollars required with a contribution margin ratio of 40 percent to generate a profit of $100,000 O 750000 O 1200000 O 1000000 O 400000 5. Vriable Costing is also called as O Absorption Costing O Contribution Costing O Fixed Costing O Marginal Costing

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