ACC 350 Week 10 Quiz 8 – TestBank

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ACC 350 Week 10 Quiz 8 Chapter 9, Inventory Costing and Capacity Analysis (200 Questions and Answers)

Cost Accounting, 15e (Horngren/Datar/Rajan)

  1. Which of the following costs is inventoried when using variable costing?
  2. Which of the following costs is inventoried when using absorption costing?
  3. ________ is a method of inventory costing in which all variable manufacturing costs (direct and indirect) are …..as inventoriable costs and all fixed manufacturing costs are …..
  4. ________ is a method of inventory costing in which all variable manufacturing costs and all fixed manufacturing costs are …..as inventoriable costs.
  5. Which of the following is true of absorption costing?
  6. Which of the following is true of variable costing?
  7. In ________, fixed manufacturing costs are included as ….costs.
  8. ________ method includes fixed manufacturing overhead costs as …..costs.
  9. Which of the following costs will be …..as period costs under absorption costing?
  10. Under absorption costing, fixed manufacturing costs acc 350 week 10 quiz ________.
  11.  ________ is a method of inventory costing in which only variable manufacturing costs are……
  12. Variable costing regards fixed manufacturing overhead as a(n) ________.
  13. The only difference between variable and absorption costing is the expensing of ________.
  14. What is the …cost per unit using variable costing?
  15. What is the ….cost per unit using absorption costing?
  16. Which of the following inventory costing methods shown below is ….by GAAP (Generally Accepted Accounting Principles) for external financial reporting acc 350 week 10 quiz ?
  17. The two most common methods of costing inventories in manufacturing companies are variable costing and absorption costing.
  18. The unit cost of a product is always higher in variable costing than in absorption costing acc 350 week 10 quiz
  19. What is the …..cost per unit using absorption costing?
  20. Under variable costing, lease charges paid on the factory building is an ….cost.
  21. Under both variable and absorption costing, research and development costs are period costs.
  22. What is the ….cost per unit using variable costing?
  23. The main difference between variable costing and absorption costing is the way in which fixed manufacturing costs are …….
  24. Job costing system is an example of absorption costing acc 350 week 10 quiz ….………………………………………………………………………………………………………………………..Continued (67 Pages)
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