Widgets Inc, an International Corporation, Is Moving Its Company Production

question 30

Multiple Choice

Widgets Inc, an international corporation, is moving its company production from the England to the United States.This is known as

• A)outsourcing.
• B)offshoring.
• C)collective bargaining.
• D)trading.

Evaluate why and how income differs under variable and absorption costing depending on the number of units produced and sold.

Identify the costs included in product costs under both costing methods.

Understand the implications of fixed and variable costs on pricing and production decisions.

Apply costing methods to compute the inventory valuation.