Which of the Following Must Be Known About a Production

question 2

Multiple Choice

Which of the following must be known about a production process in order to institute a variable costing system?

• A)the variable and fixed components of all costs related to production
• B)the controllable and non-controllable components of all costs related to production
• C)standard production rates and times for all elements of production
• D)contribution margin and break-even point for all goods in production