In Throughput Costing Which of the Following Is Untrue

question 19

Multiple Choice

In throughput costing which of the following is untrue?

• A) The throughput of a product is its selling price minus its totally variable costs
• B) Investment is also called inventory
• C) Profit is defined as throughput less operating expenses
• D) Operating expenses are classified and thought of as direct costs

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Definitions:

Internal Taxes

Internal taxes are taxes imposed by a government on goods, activities, or income within its own borders, as opposed to tariffs on imports.

Judicial Review

The power of courts to assess the constitutionality of laws and government actions, with the authority to uphold or nullify them based on their adherence to the constitution.

Supreme Court

The highest federal court in the United States, responsible for interpreting the Constitution and reviewing the validity of laws.

Lewis And Clark

Leaders of an expedition mandated by President Thomas Jefferson to explore the newly acquired Louisiana Territory and find a path to the Pacific Ocean (1804-1806).