B-23.01 Worksheet

B-23.01 Worksheet - which Increases in inventory will cause...

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
Name: Date: Section: B-23.01 method? Variable Costing Absorption Costing Generally accepted accounting principles require this method for external reporting. Includes fixed manufacturing costs as a product cost. The cost assigned to ending inventory would be less under which method?
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: which Increases in inventory will cause income to be higher under which method? Results in a measurable value known as "gross profit." Results in a measurable value known as "contribution margin." Factory depreciation is allocated to inventory. Variable factory overhead is allocated to inventory....
View Full Document

Ask a homework question - tutors are online