online assagement chapter 8 - Full costing is equivalent to...

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Full costing is equivalent to absorption costing.TrueFalse
Variable costing is the approach used for external reporting under generally accepted accounting principles.
The difference between absorption costing and variable costing is the treatment of fixed manufacturing overhead.
Selling and administrative costs are period costs under both absorption and variable costing.
Manufacturing cost per unit will be higher under variable costing than under absorption costing.TrueFalse
Some fixed manufacturing costs of the current period are deferred to future periods through endinginventory under variable costing.
When units sold exceed units produced, income under absorption costing is higher than income under variable costing.
GAAP requires that absorption costing be used for the costing of inventory for external reporting purposes.
Net income under GAAP highlights differences between variable and fixed costs.TrueFalse
Throughput costing is also called super absorption costing.
A customer wants to purchase a large quantity of your product at a price below your normal selling price. Which of the following would be most helpful in assessing the offer?
Which of the following statements about variable costing is true?
Which of the following statements about absorption costing is true?

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