Quiz Answers - 1 All of the following costs are inventoried under absorption costing direct materials direct labor variable manufacturing overhead fixed

Quiz Answers - 1 All of the following costs are inventoried...

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1) All of the following costs are inventoried under absorption costing: direct materials. direct labor. variable manufacturing overhead. fixed manufacturing overhead. 1a) The following costs are NOT inventoried under absorption costing: fixed administrative salaries 2) The difference between budgeted sales revenue and break-even sales revenue is the: safety margin 3) The extent to which an organization uses fixed costs in its cost structure is measured by: operating leverage 4) Under variable costing, fixed manufacturing overhead is: expensed immediately when incurred 5) Green, Inc., sells a single product for $20. Variable costs are $15 per unit and fixed costs total $100,000. Assuming that fixed costs do not change, Green's break-even sales revenue would be: $400,000 6) The break-even point is that level of activity where: total revenue equals total cost
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  • Fall '15
  • Achilles
  • gross margin, following costs

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