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3 years ago

Which of the following statements is true regarding variable costing?Multiple Choice

Business

2 answers:

pentagon [3]3 years ago

8 0

Answer:

Explanation:

Citrus2011 [14]3 years ago

8 0

Answer:

B.Only manufacturing costs that change in total with changes in production level are included in product costs

Explanation:

Variable costing is an accounting methodolgy that only charges variable costs to invetory, so it is a tricky way to do the accounting because it does not take all of the variables into consideration in order to be able to price something, it doesn´t take all of the costs of the company in the cost of producing their products, so that is why it is not traditional or popular accounting system.

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Answer:

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2 years ago

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strojnjashka [21]

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3 years ago

In July, one of the processing departments at Okamura Corporation had beginning work in process inventory of $26,000 and ending

notsponge [240]

Answer:

Total cost accounted will be $192000

So option (C) will be correct answer

Explanation:

We have given beginning work in process inventory = $26000

Ending work in process inventory = $31000

And cost of units transferred from the department is $161000

We have to find the total cost accounted

Total cost account will be equal to sum of ending process inventory and cost of units transferred out from the department

So total cost accounted = $31000 + $161000 = $192000

So option (C) will be correct answer

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3 years ago