A Portion of the Total Fixed Manufacturing Overhead Cost Incurred

question 147

Multiple Choice

A portion of the total fixed manufacturing overhead cost incurred during a period may:

• A)be excluded from cost of goods sold under absorption costing.
• B)be charged as a period cost with the remainder deferred under variable costing.
• C)never be excluded from cost of goods sold under absorption costing.
• D)never be excluded from cost of goods sold under variable costing.

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Definitions:

Reinforcement Schedule

A plan or rule that determines how often a behavior is reinforced in operant conditioning.

Paycheck

A regular payment made by an employer to an employee, usually on a monthly or biweekly basis.

Variable Schedule

A variable schedule in the context of reinforcement refers to a procedure in which rewards are given at unpredictable intervals, influencing behavior.

Extinction

In psychology, the gradual weakening of a conditioned response when the conditioned stimulus is presented without the unconditioned stimulus.