Under Which Costing Method(s) Are Administrative and Selling Costs Considered

question 56

Multiple Choice

Under which costing method(s) are administrative and selling costs considered period expenses? I Absorption costing
II Throughput costing
III Variable costing

• A) I and II only
• B) II and III only
• C) I and III only
• D) I, II, and III

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Definitions:

Imported Goods

are items brought into a country from abroad for sale or use, typically involving a transaction between an importer and a foreign producer.

Chinese Yuan

The official currency of the People's Republic of China, used as a medium of exchange and a store of value.

Appreciated

Refers to an increase in value or price of an asset or currency over time.

U.S. Dollar

The official currency of the United States of America and the world's primary reserve currency.