Under Variable Costing, Which of the Following Costs Would Be

question 58

Multiple Choice

Under variable costing, which of the following costs would be included in finished goods inventory?

• A)salary of salesperson
• B)salary of vice president of finance
• C)wages of carpenters in a furniture factory
• D)straight-line depreciation on factory equipment

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Definitions:

Promissory Estoppel

A legal principle that prevents a party from withdrawing a promise if the other party has significantly relied on that promise to their detriment, even if there is no formal contract.

Statute Of Frauds

A legal principle that requires certain types of contracts to be in writing and signed by the parties involved to be enforceable.

Profit Sharing

A corporate incentive plan where employees receive a portion of the company's profits, linking compensation to the company's financial performance.

Boundary Disputes

Conflicts between landowners or jurisdictions over the precise line that divides one entity from another.