Under Which Costing Method(s) Are Administrative and Selling Costs Considered

question 56

Multiple Choice

Under which costing method(s) are administrative and selling costs considered period expenses? I Absorption costing
II Throughput costing
III Variable costing

• A) I and II only
• B) II and III only
• C) I and III only
• D) I, II, and III

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Definitions:

Colosseum

An iconic ancient amphitheater in Rome, known for its vast size and for hosting gladiatorial combats, spectacles, and public entertainments.

Arch

A curved structural member that spans an opening and is generally composed of wedge-shaped blocks (voussoirs) that transmit the downward pressure laterally. See also thrust.

Lost Wax

A method of metal casting in which a molten metal is poured into a mold that has been created using a wax model, which is then melted away and lost.

Repoussé

Formed in relief by beating a metal plate from the back, leaving the impression on the face. The metal sheet is hammered into a hollow mold of wood or some other pliable material and finished with a graver. See also Relief.