Consider the Statements That Follow

question 84

Essay

Consider the statements that follow.
1. Variable selling costs are expensed when incurred.
2. The income statement discloses a company's contribution margin.
3. Fixed manufacturing overhead is attached to each unit produced.
4. Direct labour becomes part of a unit's cost.
5. Sales revenue minus cost of goods sold equals contribution margin.
6. This method must be used for external financial reporting.
7. Fixed selling and administrative expenses are treated in the same manner as fixed manufacturing overhead.
8. This method is sometimes called full costing.
9. This method requires the calculation of a fixed manufacturing cost per unit.
Required:
Determine which of the nine statements:
A. Relate to neither absorption costing nor variable costing.
B. Relate to both absorption costing and variable costing.
C. Relate only to absorption costing.
D. Relate only to variable costing.

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Definitions:

Yield Ratios

Metrics used in recruitment to evaluate the efficiency of different stages of the hiring process, from the number of applicants to the number of hires.

Recruitment Sources

Channels or means through which potential job candidates can be found, including job boards, social media, recruitment agencies, and networking events.

Internet Recruiting

The process of sourcing, attracting, and hiring candidates for job positions through the internet, using platforms such as job boards, social media, and company websites.

Community Colleges

Public institutions providing higher education and vocational training, usually offering two-year associate degrees, certificates, and diploma programs.