A SFAS Matrix Differs from the EFAS and IFAS Tables

question 8

Multiple Choice

A SFAS Matrix differs from the EFAS and IFAS Tables by adding a new column called

• A) weight.
• B) duration.
• C) rating.
• D) comments.
• E) weighted score.

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Definitions:

Absorption Costing

This method of product costing in the field of accounting takes into account all manufacturing-related expenditures, including direct materials, direct labor, and manufacturing overheads, both fixed and variable.

Absorption Costing

An accounting method that captures all of the manufacturing costs (both fixed and variable) in the cost of a product.

Variable Costing

A costing method in which only variable production costs are assigned to inventory and cost of goods sold, excluding fixed manufacturing overhead.

Absorption Costing

A method of product costing that includes all manufacturing costs—direct materials, direct labor, and both variable and fixed manufacturing overhead.