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QuizCh6 - Managerial Accounting Quiz Chapter 6 L Qnder...

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Managerial Accounting Quiz Chapter 6 , L Qnder variable costing, only variable production costs are treated as product costs. {Tg Putr. bsorption costing treats all manufacturing costs as product costs. False 3. When production exceeds sales for the period, absorption costing net operating income will exceed variable .-co{ing net operating income. f3,E False J, Variable costing is better suited to cost-volume-profit calculations than absorption costing. (,]@ False - 5. How would the ioiiowing costs be ciassified (produc'r or period) under variabie cosiing at a re.zi.il clotliing store? Cost of purohasing olothing Sales commissions Product Period Product Period 6. Which of the following costs at a manufacturing company would be treated as a product cost under the ? factory building C. sales manager's salary D. all of these __A. Produot i' B): Produot - -e:" Period D. Period
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Q-wrz'crcaprct< 6 7. Under the variable costing method, which of the following is always expensed in its entirety in the period in which it is incurred?
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