Which of the Following Inventory Costing Methods Results in the LEAST

question 129

Multiple Choice

Which of the following inventory costing methods results in the LEAST amount of costs being inventoried?

• A)absorption costing
• B)variable costing
• C)throughput costing
• D)direct costing
• E)standard costing

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Definitions:

Foreign Exchange Rates

The value of one currency for the purpose of conversion to another, which determines how much of one currency can be exchanged for another.

Value-Added Taxes

A tax on the amount by which the value of an article has been increased at each stage of its production or distribution.

Final Customer

The end user or consumer who purchases a product or service for personal use and not for resale or further processing.

Homeshoring

A practice where businesses hire employees to work from home or a remote location rather than in a traditional office setting, often used as an alternative to offshoring.