Under Variable Costing, Which of the Following Costs Would Be

question 7

Multiple Choice

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

• A)neither variable nor fixed factory overhead cost
• B)both variable and fixed factory overhead cost
• C)only variable factory overhead cost
• D)only fixed factory overhead cost

---

Definitions:

Generic Brands

Products marketed without a branded name, often positioned as lower-cost alternatives to well-known brands.

High Ratings

A term used to indicate a positive evaluation or assessment, usually referring to quality, performance, or satisfaction in various contexts (e.g., product reviews, service evaluations).

Need for Closure

A psychological term describing an individual's desire for a clear and definite answer to a question or decision, to avoid ambiguity or uncertainty.

Internal Locus of Control

The belief that one controls their own destiny and outcomes are primarily the result of their own efforts and actions.