All of the Following Are Inventoriable Costs Under Variable Costing

question 134

Multiple Choice

All of the following are inventoriable costs under variable costing EXCEPT

• A) direct materials.
• B) direct labour.
• C) variable manufacturing overhead.
• D) fixed manufacturing overhead.

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Definitions:

Prehistory

The period of human history before written records were made, studied through archaeology and anthropology.

Material Culture

The physical objects, resources, and spaces that people use to define their culture, including buildings, tools, and artifacts.

Culture

The set of shared attitudes, values, goals, and practices that characterizes an institution, organization, or group.

Linguistic Relativity

The hypothesis that the structure of a language affects its speakers' world view or cognition, and thus people's perceptions are relative to their spoken language.