Under Variable Costing, Which of the Following Costs Would Not

question 78

Multiple Choice

Under variable costing, which of the following costs would not be included in finished goods inventory?

• A)wages of machine operator
• B)steel costs for a machine tool manufacturer
• C)salary of factory supervisor
• D)electricity used by factory machinery

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Russell 2000

A gauge that tracks the performance of around 2000 of the smallest American firms listed in the Russell 3000 Index.

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A stock market index tracking the performance of 500 of the largest companies listed on stock exchanges in the United States.

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Dow Jones Industrial Average, a stock market index that measures the stock performance of 30 large companies listed on stock exchanges in the United States.

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A British insurance and reinsurance market, where members join together as syndicates to insure and spread risks.