Federal Rule 54(d) and Parallel State Rules Provide That Costs

question 128

Multiple Choice

Federal Rule 54(d) and parallel state rules provide that costs shall be awarded

• A) as determined by the parties.
• B) equally.
• C) as ordered by the court.
• D) only when the bill of costs is included in the damages.

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Definitions:

Unit Product Cost

The total cost associated with producing a single unit of a product, calculated by dividing the total production costs by the number of units produced.

Variable Costing

A technique in management accounting that only considers variable production costs as product costs, with fixed costs treated as period costs.

Finished Goods Inventory

The stock of completed products that are ready for sale but have not yet been sold to customers.

Absorption Costing

Absorption costing is an accounting method that includes all direct and indirect manufacturing costs in the cost of a product.