Chap8&9QuizBUS4113

Chap8&9QuizBUS4113 - Amberton University BUS 4113...

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BUS 4113 – Accounting and Finance for Managers Name: Chapter 8 1. Under variable costing, which of the following is not considered a product cost? a. Direct materials b. Direct labor c. Fixed manufacturing overhead d. Variable manufacturing overhead 2. Under absorption costing, which of the following is not considered a product cost? a. Direct labor b. Fixed manufacturing overhead c. Variable manufacturing overhead d. Administrative costs 3. The primary difference between variable and absorption costing is the treatment of: a. fixed selling and administrative costs. b. variable selling and administrative costs. c. fixed manufacturing overhead. d. variable manufacturing overhead. 4. Which of the following descriptions would not be found on an income statement prepared using variable costing? a. Sales b. Fixed costs c. Cost of goods sold d. Net income 5. Which of the following line descriptions would not be found on an income statement prepared using absorption costing? a.
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This note was uploaded on 02/03/2011 for the course BUS 3101 taught by Professor Loyd during the Spring '09 term at Dallas.

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Chap8&9QuizBUS4113 - Amberton University BUS 4113...

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