COMMERCE 2AB3 Lecture Notes - Lecture 17: Standard Cost Accounting, Total Absorption Costing, Financial Statement
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Choose the one alternative that best completes the statement or answers the question: the distinction between absorption costing and variable costing is most important for which type. 1) of industry: manufacturing, educational, marketing, service, retail, the method of costing that excludes fixed manufacturing costs from inventorial costs is known as. 2: variable costing, full manufacturing costing, fixed overhead costing, absorption costing, manufacturing overhead costing, honda heaven produces and sells an auto part for . 00 per unit. What is the inventory cost per box using variable costing: . 50, . 50, . 50, . 00, . 50, honda heaven produces and sells an auto part for . 00 per unit. Direct materials are per unit, while direct manufacturing labour averages . 50 per unit. Variable overhead is sh. 50 per unit and fixed overhead is ,000 per year. Administrative expenses, all fixed, run ,000 per year, with sales commissions of per part. What is the inventorial cost per box using absorption costing: . 00, . 50, . 50, . 50, . 50.
