题目内容

When considering marginal costing and absorption costing, if inventory levels increase during a period, which of the following statements is TRUE?

A. Marginal costing will show a higher profit
B. The profit shown by both methods of accounting will be the same
C. An adjustment will be required
D. Absorption costing will show a higher profit

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When would a business use process costing?

A. When the products are made in a continuous flow
B. When there is a process in place
C. When lots of different items are produced
D. When you can’t use absorption costing

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Production costs of product Z recorded at various levels of activity are shown as follows:What is the marginal cost of a unit of product Z? (Hint: remember the high low method from Section 1, Lesson 3.) ______

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A factory building houses three production departments and a canteen for the factory workers. Employee and cost numbers are as follows:What Canteen costs are apportioned to Production line 3? ______

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In a month a factory produces 10,000 units of a product. Raw materials cost $5,000, labour costs $2,500 and other costs are $500. Opening inventory is valued at $2,000 and closing inventory at $1,700.What is the cost of sales? ______

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When considering marginal costing and absorption costing, if inventory levels increase during a period, which of the following statements is TRUE?

A. Marginal costing will show a higher profit B. The profit shown by both methods of accounting will be the same C. An adjustment will be required D. Absorption costing will show a higher profit

When would a business use process costing?

Production costs of product Z recorded at various levels of activity are shown as follows:What is the marginal cost of a unit of product Z? (Hint: remember the high low method from Section 1, Lesson 3.) ______

A factory building houses three production departments and a canteen for the factory workers. Employee and cost numbers are as follows:What Canteen costs are apportioned to Production line 3? ______

In a month a factory produces 10,000 units of a product. Raw materials cost $5,000, labour costs $2,500 and other costs are $500. Opening inventory is valued at $2,000 and closing inventory at $1,700.What is the cost of sales? ______

A. Marginal costing will show a higher profit
B. The profit shown by both methods of accounting will be the same
C. An adjustment will be required
D. Absorption costing will show a higher profit