Advocates of Throughput Costing Maintain That ________

question 156

Multiple Choice

Advocates of throughput costing maintain that ________.

• A) both variable and fixed are necessary to produce goods; therefore, both types of costs should be inventoried
• B) all manufacturing costs plus some design costs should be inventoried
• C) fixed manufacturing costs are related to the capacity to produce rather than to the actual production of specific units
• D) except direct labor no other costs are truly variable in output

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Definitions:

Conscientious

Describes a person who is diligent, well-organized, dependable, and responsible.

Scrupulous

Being very attentive to details and concerned about doing things precisely correct, often with a strong sense of moral integrity.

Oedipus Complex

A concept in psychoanalytic theory which describes a child's feelings of desire for the opposite-sex parent and jealousy and rivalry with the same-sex parent.

Social Interest

Our innate potential to cooperate with other people to achieve personal and societal goals.