All of the Following Are Tests for Determining Qualifying Relative

question 2

Multiple Choice

All of the following are tests for determining qualifying relative status except _____.

• A)relationship test
• B)gross income test
• C)support test
• D)residence test

---

Definitions:

Variable Costing

A technique in managerial accounting where only variable production costs are charged to product units, differentiating it from absorption costing by not including fixed overhead.

Absorption Costing

A cost accounting method that includes all manufacturing costs, including both fixed and variable, in the cost of a product.

Contribution Format

A type of income statement layout that separates variable costs from fixed costs, highlighting the contribution margin.

Absorption Costing

A technique in cost accounting that incorporates all costs of production, including fixed and variable, into the valuation of inventory and cost of goods sold.