The Type of Ship That Coal Is Usually Carried in Is

question 4

Multiple Choice

The type of ship that coal is usually carried in is a

• A) cabotage.
• B) conference flag.
• C) dry-bulk carrier.
• D) RORO
• E) None of the above

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Definitions:

Variable Costing

An accounting method that only includes variable production costs—direct materials, direct labor, and variable manufacturing overhead—in product costs.

Absorption Costing

A product costing technique that adds up all manufacturing expenses — direct materials, direct labor, variable, and fixed overheads — into the comprehensive cost of the product.

Net Operating Income

The total profit of a company after operating expenses are subtracted from operating revenues.

Variable Costing

A costing method in which all variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) are treated as product costs, while fixed overhead is treated as a period cost.