Which of the Following Costing Methods Charges All the Manufacturing

question 245

Multiple Choice

Which of the following costing methods charges all the manufacturing costs to the products?

• A) variable costing
• B) direct costing
• C) absorption costing
• D) contribution costing

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Definitions:

Economic Stimulus Package

A set of economic measures put forth by a government to stimulate a floundering economy and promote growth.

Budget Line

A graphical representation of all possible combinations of two goods that a consumer can purchase at given prices within his or her income.

Indifference Map

A graphical representation of combinations of goods between which a consumer is indifferent, showing preferences and trade-offs.

Budget Constraint

A representation of all the combinations of goods and services that a consumer can afford given their income and the prices of goods.